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German 10yr Yield test the 2.50%

BUNDS
  • German 10yr now test that 2.50% level on the back of the French PMI beat, as Bund futures falls 48 ticks on the French data release.
  • Next support in Bund comes at 131.49 61.8% retracement of the Oct 4 - Dec 27 bull phase.
  • But so far off the lows as the street await the rest of the PMI releases.

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