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German 10yr Yield tested lowest level in a Month

BUNDS
  • Bund has seen a small gap lower overnight, after seeing extensions rally going into the unofficial European close Yesterday, to print a 136.29 high, ahead of the next resistance seen towards 136.36.
  • The 10yr Yield has in turn touched its lowest level in nearly a Month, since the 8th January.
  • Immediate resistance is back down at 135.97/135.99, followed by 136.36.
  • Small support is seen towards the 135.00 figure.
  • On the Other side of the Pond, Tnotes failed like Bund at 113.06+, short of the next key resistance of 113.12.
  • Today sees, French IP, but the main focus will be on the US NFP/AHE and Factory Orders. Michigan and Durable Goods will be final readings.
  • SUPPLY: Belgium 2033, 2043, won't impact Bund.
  • SPEAKERS: ECB Centeno, BoE Pill.

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