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Falls 20 ticks

BUNDS
  • Bund falls 20 ticks on the ADP beat, but the move lacks traction.
  • The support noted on the open at 135.66 has held, despite printing a 135.60 low earlier.
  • Resistance is still at 136.38, but the contract continues to trade either side of mid range, with the Roll dominating, as a third of the front month volume is now spread related vs a Quarter earlier.

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