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Govies and Rate markets test intraday highs

CROSS ASSET
  • Bund, BTP, OAT, Gilt are now getting dragged higher, with buying interest going through in Treasuries.
  • Similar price action in Rate markets with the Euribor, Eurodollar and SONIA strip pushing through intraday highs.
  • USD at new lows, against AUD, CAD, SGD, CNY, THB, and lower US Yield push USDJPY towards the 128.00 figure.

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