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German 2s/10s eye a test at the week low

BUNDS
  • With Bund moving to session high, 2s/10s is bull flattening, drifting towards the low of the week at 27.507, now at 27.711.
  • Real downside target is at the August double bottom at 26.547, also the flattest level since the 12th February.
  • Outright resistance in Bund will be seen at the top of this week's range, 176.95 initially.

Chart source: Bloomberg

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