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German 5yr Yield tested highest level since April 2014

BUNDS
  • Bobl 5yr yield tested highest level since 04/04/14, at 0.689%, albeit off the high, as Govies unwind the whole early the sell offs.
  • All the attention will be on Lagarde and Powell later.
  • Schatz and Front end Euribor are seeing the most volumes, as desks reajuste their rate path.
  • German 2yr yield tested just short of the April high at 0.168% (printed 0.15%)
  • In Yield terms for the Bobl, reference 127.27, 0.70% would equate to 127.03.

Chart source: MNI/Bloomberg

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