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German Yields rise

CROSS ASSET
  • German 10yr Yield is back above 2%, a continuation following the Hawkish ECB Knot comment earlier this morning, although EU Equities have hardly reacted on the comment, more of a Rate move.
  • Next Bund support is at 139.91 initially.
  • Euribor strip is also fading, albeit in tighter ranges
  • Higher Yields have benefited the EUR, the standout currency with the JPY this morning.
  • Next resistance in the EURUSD is at 1.0536 High Nov 24 / Jun 29.

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