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Gilt leads lower against EGBs

  • Gilt is leading, a new intraday low in futures, after the contract caught up on the open, after Bund and Treasuries saw downside openings gap, as desks unwound some of the Safer haven positioning going into the weekend on Friday.
  • Gilt saw a 38 ticks downside gap, NOT a good tech study to use for this contract.
  • Nonetheless, Gilt eye small support at 93.70, followed by 93.04.
  • Support in Bund is still at 128.82 (gap).
  • Support in TYZ3 comes at 107.02+, followed by the 106.24 gap.
  • Shorter end Schatz finds some buying interest just off the lows, just bought in over 5k.

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