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EGBs are heading back towards session highs

BONDS
  • Bund is slowly ticking back towards session high, with French OAT and Italian BTP leading the gains.
  • Resistance in Bund is still at 130.70/130.75 area, Friday's high, 2.63% in Yield and trendline.
  • Above the latter sees 2.605% = 130.94 (38.2% retrace of the Mar/Oct).
  • Buying emerging in US Treasuries on the back of the price action in Europe.

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