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German 5/30s steepest since March

BUNDS
  • Continued steepening of the curves, with the longer end underperforming.
  • German 5s/30s is steepest since the 4th march now, while UK and US 5s/30s still trade within May's ranges.
  • Next upside target will be seen at 60.67.

Chart source: MNI/Bloomberg

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