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Buxl and OAT lead Eurex pace

BONDS
  • Some mixed price actions in the German Govies spread this morning.
  • Bund has mostly been sold, with the 75 resistance level holding.
  • That level was the high on the 11th, 12th, 15th, 16th, 17th of May and on the 1st, 2nd June, with the spread now trading at 69, the session low for today.
  • Buxl is bid, albeit in the red, but off its lows, which was also the lowest print since mid May.
  • Bobl is seeing similar support after the spread printed its lowest level since the 27th April on Friday and Today.
  • Volumes are all spread related, with OAT and Buxl leading in terms of pace.

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