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Contract extend gains

BTPS

BTP remains on the front foot this morning, and another round of decent buying with over 1k lifted once again.

  • Initial MNI tech resistance is at 148.66 2.00 proj of Sep 1 - 3 rally from Sep 8 low.
  • Above the latter, in tech would open to 148.97 High Feb 13 (cont) and major resistance.
  • BUT NOTE: More importantly, the target is at the ALL TIME low in yield at 0.751%, which would equate today to 149.04 in future term.

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