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Finding some demand

OAT
  • OAT is finding some demand off its printed 122.37 low.
  • The contract is trading in over 100 ticks range, helping the OAT/Bund spread to 9bps wider and close to be testing the 65bps level, the 2023 high and the widest level since 2020.
  • The contract has already traded more than half of Yesterday's volume and next support will now be seen at 122.19.

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