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Focus is right back on Yields

BUNDS
  • Bund might be showing in the green post cash open, but investors will be keeping a close on Yields levels once again.
  • The contract did find support just short of the 3% last Thursday, but the US 10yr is again trading at a 16y high overnight.
  • Bund support is still at 127.46, followed by 126.88 (3%).
  • Resistance moves down to 128.59, followed by 128.79.
  • There's no tier 1 data out of Europe and on the other side of the Pond, sees US JOLTS.
  • SUPPLY: UK £2.25bn 30yr (equates to 20.8k Gilts) could weigh, Austria 10s, 30s.
  • SPEAKERS: ECB Lane (panel discussion), Villeroy, Fed Bostic.

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