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Govies are rallying in early trade

BUNDS
  • Some suggestion that the fall in Copper, may be an early driver, after Copper fell to its lowest level since November 2020, mounting recession fears.
  • This coupled with very illiquid market in the first hour of trading, has exacerbated the moves.
  • Bund is up over 143 ticks, and in a 98 ticks range (152.64/153.62).
  • Next resistance will be seen at 154.00

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