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Clearly German paper is leading the chart.....>

BUNDS: Clearly German paper is leading the chart higher this afternoon. We have
heard of sustained buying through futures and a bid in cash. There was a spike
in volumes in the move above 158.40 to 158.46 but the high volumes have subsided
and volumes are far from impressive today. Equity prices have faded and the DXY
is firming. 
- This morning, there was much attention bullish views on Bunds from Citi and
Barclays going bullish on USTs. 
- Next week there is very little supply in the Eurozone, if there are no
syndicated deals. 
- Technically, the Bund has just broken above the strong Fibo resistance at
158.52 and now 158.65 is next, which is Feb 9 high

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