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French 10yr Yield tested 3.50%

BONDS

OAT futures has found support right at the 3.50% in Yield, printed a 3.501%, continued highest prints since November 2011.

Looking further out, reference 122.14:

  • 3.550% = 121.52.
  • 3.600% = 121.02.
  • 3.650% = 120.53.

Much further out, 3.819% is not only the November 2011 high and the highest print since July 2009, but it is also the 38.2% retrace of the historical chart.

  • 3.819% = 118.86.

Chart source: MNI/Bloomberg

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