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Further bear steepening going through

BUNDS
  • A good little move in 5s/30s Germany, as we target 6th of August high at 72.85 (tightest)
  • The August low 176.21 in Bund has so far held.
  • Keep an eye on Buxl with next support of interest at 215.34, now at 215.76.
  • A clear break through the latter, would open to 213.44.

Chart source: Bloomberg

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