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German 10yr Yield holds 1%

BONDS
  • Govies are very illiquid in Europe and the US, see the Bund volume chart below.
  • The 1% Yield has so far held in 10yr Germany, but Real Money is clearly sitting on the sidelines.
  • Tomorrow sees the EU prelim GDP, Wednesday, the UK April CPI, and Final EC CPI.

Chart source: MNI/Bloomberg

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