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German 30yr Yield lowest since mid September

BONDS
  • German long end continues to outperform, as desks price in cuts further out the long end curve.
  • The German 30yr Yield has collapsed through the 2.75% mark, was seen as the next support in Yield Yesterday.
  • The 30yr now trades at its lowest level since 14th September.

Today reference 129.20:

  • 2.700% = 129.90.
  • 2.651% = 131.18 (50% retrace of March/October gain)

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