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EGBs are seeing momentum selling

BONDS
  • EGBs are seeing some momentum selling, although BTP and OAT are leading, Bund has fully cleared that initial base of 133.94, while as already noted multiple times, initial support comes at 133.77 for the German Bund.
  • The August low for OAT is at 125.75.
  • BTP targets the big gap down from 118.82 to 118.54.

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