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Free AccessEGBs remain heavy
- Bund is all the way back at the low after again rejecting the August low in Yield post US data, now testing that initially support at 132.75.
- German Bund leads the way with OAT, followed by the BTP.
- A break through 132.75, so far holding, opens to 132.53.
- This is more a EGB Bond move, as the Euribor holds gains and trades close to the session high in the front end.
- Higher Oil may have helped, but we haven't similar pressures into US Treasuries.EU Desks are more likely locking profit as we head into the later part of the session, and ahead of the longer US Labour day weekend.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.