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German long end leads Europe higher once again

BUNDS
  • Although off the highs, German long end strip still sees the long end (30yr) pushing Bond higher, similar to yesterday's price action
  • German 30yr yield test lowest level since the start of the year, since the 4th January, where initial support will be seen at 0.224%, now at 0.234%.
  • Outright Bund future resistance will be seen at yesterday's high 170.51, after we close the opening gap earlier up to 170.21.
  • Yesterday saw some selling interest into the strength
  • Buxl resistance will be eyed at the 4th Jan high 205.58 initially

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