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Drifts towards Friday's low

BUNDS
  • Bund drifts back towards Friday's low at 155.72, will be seen as support.
  • German 2yr Yield push towards levels, last seen on the 21st of July.
  • The contract was initially weighted by the heavy German 2yr supply this morning, on delta hedging, helps explain the larger volume in the part of that duration.
  • Overall, volumes and turnovers are still way below averages.

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