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French OAT extends further losses

BONDS
  • More longs are bailing out in OAT, some pick up in Volumes at the lows here, with similar drag now in Bund and BTP.
  • OATU4 did trades as low as 122.29 in June, but most of the focus is Yield levels.
  • The French 10yr Yield is now above through the 3.364% level, and next would see 3.400%, which equates to 122.13, below that 122.29.

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