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German 5yr Yield lowest since

BUNDS
  • Bund is back above the figure, led by the 2yr Schatz and 5yr Bobl.
  • While Bund found resistance at the June low in Yield, Bobl continues to trade at its lowest level since May, albeit off the low now.
  • German 5yr has a similar double bottom to Bund in May, and this is seen at 2.115%.
  • Today, reference 118.20, this would equate to 118.50.

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