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German 5s/30s is flattening

BUNDS
  • Worth keeping an eye on the German 5s/30s once again.
  • The curve leaned steeper on the cash open, but is now flattening.
  • Yesterday's low and flattest level since March 2020, is at 48.783, and further push lower, opens to 46.010 the 20/03/20 low.

Chart source: Bloomberg

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