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French OAT test the 122.00 handle

BONDS
  • French OAT is still making an attempt at breaking the 122.00 handle, but so far met by some buying, 775 lots just went through (cumulative) and 1k in BTP.
  • A clear break through the figure will see Yesterday's low at 121.59 as the initial support.
  • Further out will target the 3.60% Yield level.

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