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German 10yr Yield test the 2% handle

BUNDS
  • Bund eye a test to the 2% low mark, still trading at the lowest level since mid December.

In terms of Technical for the contract, immediate resistance is at 140.35 (small), followed by 140.48 (76.4% retracement of the Dec 7 - Jan 3 bear leg).

In yield terms, next support is seen towards the 1.942% area. reference 140.06:

  • 1.942% = 140.99
TYH3 test the 115.15+, still holding, but a clear break through, opens to 115-26 2.00 proj of the Oct 21 - 27 - Nov 3 low

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