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German 10yr 1.95% Yield holds for a second time

BUNDS
  • The German Bund trades around yesterday's mid range, after an another wide range start of the week, 133 ticks in low volume.
  • Notable technical is in Yield with 1.95% holding for a second time.
  • The 10yr Yield tested exactly 1.95% last Thursday, printing a 141.09 high, and 1.952% yesterday, with a 140.88 in futures.
  • Resistance is still at the 141.05 area, and initial support will be at yesterday's low 139.55.
  • Today, OECD publishes Eco outlook, and out of the US, Richmond Fed data.
  • But the main event this week, is tomorrow with prelim services PMIs from across the Globe and FOMC minutes.
  • SUPPLY: German EU3bn Bobl (equates to 24.7k Bobl), should have limited impact, and US sells $22bn 2yr FRN reopening, followed by $35bn 7yr notes.
  • SPEAKERS: ECB Holzmann, Rehn, Nagel, Fed Mester, Goerge, Bullard, UK Office for Budget Responsibility testifies to Parliament .

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