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German Regional CPIs keep the pressure on Futures

BONDS
  • Short end Euribor and Govies futures are still leading lower post German regional CPIs, German 2yr (DUH4) prints a contract low, and 2yr Yield has cleared the 2024 high to trades at its highest level since late November.
  • Bobl has also traded at its lowest level since late November, with next support for the contract coming at 115.82.
  • Looking at ERM4 it printed its lowest level since November but has found some support at the 96.315 mark.

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