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Close the small opening gap

BUNDS
  • Bund has closed the small opening gap, and tested small initial support at 135.86, printed a 135.81 low.
  • Below the latter sees, 135.71 61.8% retracement of the Jan 2 - 19 bull run, but better is seen at the 135.55 area.
  • Resistance moves down to 137.02.
  • There's no tier 1 data for the session, only notable release out of Europe is the Italian retail sales, and out of the US, Wholesales inventories will be final reading.
  • SUPPLY: German EU4bn 7yr (equates to 20.9k Bund), Portugal 2032, US sells $35bn of 10yr.
  • SPEAKERS: ECB Enria, Elderson, Knot, Fed Williams, Cook, Barr, Bostic, Kashkari, Waller.

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