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German 5s/30s bear flattening

BUNDS
  • Despite some of the pull back in the longer end, the shorter end underperforms the most, and 5s/30s is in turn bear flattening, and at lowest level in a Month.
  • Further flattening would see a test at the October low 49.644, also the flattest level since March.
  • Chart source: Bloomberg

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