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Finds support at the 2.50% mark

BUNDS
  • Likely receivers have helped Bund off its lows in Futures, after printing a 2.501% high in Yield, this level equated to 132.80 yesterday, but printed a 132.72 low today.

Reference 132.91:

  • 2.557% = 132.16 (the big one, March 10th high and held on the 26th May).
In terms of pure Technical, a break below today's low, would see 132.33 Low May 29.

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