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Extending gains

BUNDS
  • Some upside continuation for the German Bund, initially finding a bid as Equities saw some selling on the cash open, but the contract saw some upside momentum following Knot's comments that seems to be leaning on the Dovish side, from the most Hawkish member.
  • This is more of a Rate move, with the Euribor strip also trading at its top of the range.
  • Resistance in Bund is still at 134.72 initially.

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