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Free AccessFocus stays on the longer end part of the curve
- Bund trades off yesterday's high, and we do have another gap to the upside from 170.83 to 170.95 (170.88 is the session high.
- Regardless, further push higher would see a test to the next resistance seen at 171.17
- Some attention stays on the 30yr Buxl as we end the week, since that part of the curve has been one of the driven for the past 2 sessions in leading EU Govies higher.
- Buxl is up 34 ticks, but off session high.
- Next resistance is at 207.36.
- Today sees, French and Spanish CPIs, but final readings.
- Focus will be mainly on the US retail sales and IP, as well as Michigan and the Inflation component.
- SPEAKERS: ECB Lagarde and Fed Williams
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.