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Curve is starting to lean steeper

BUNDS

German curve is starting to lean steeper, taking its cue from the bid in Equities.

  • German 10yr sell at 10.30BST is also helping keep the lid on the contract. Small support in Bund is seen at 170.60 initially
  • German 5/30s upside target is still eyed at the April high, 90.684, now at 89.937.

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