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BUNDS: Edging back towards the 2.50% mark

BUNDS
  • The German Bund is slowly edging back towards the 2.50% mark in Yield, the range stands at 2.497%/2.518% (low/High) so far today.
  • We noted that the small UK Data beat had no impact on the contract, and there was some early Cash buying interest in Germany, likely Tech led as the Yield broke above the 2.50% resistance.
  • Price action and Volumes are more limited since Europe joined the session, and the 2yr Schatz stays in a tighter range ahead of the Heavy 2yr supply, would equate to 47.9k Schatz.
  • The small initial resistance in Bund is at 132.26, although better will be seen at 132.59 20-day EMA.
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  • The German Bund is slowly edging back towards the 2.50% mark in Yield, the range stands at 2.497%/2.518% (low/High) so far today.
  • We noted that the small UK Data beat had no impact on the contract, and there was some early Cash buying interest in Germany, likely Tech led as the Yield broke above the 2.50% resistance.
  • Price action and Volumes are more limited since Europe joined the session, and the 2yr Schatz stays in a tighter range ahead of the Heavy 2yr supply, would equate to 47.9k Schatz.
  • The small initial resistance in Bund is at 132.26, although better will be seen at 132.59 20-day EMA.