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Italy, France and Germany lead Bonds lower

BONDS
  • BTP, OAT and Bund continue to lead lower, with Bund close to have retraced the US ISM rally, was trading circa 136.48.
  • Below the latter would see 136.20, pre US AHE levels.
  • Corp Issuance and a heavy supply week for Europe, will to keep the lid on EGBs during the morning sessions.
  • Looking at TYH3, small support moves up to 113.31+ initially.
  • This is still very short of the level traded pre ISM on Friday, with contract trading circa 113.06+.
  • Pre AHE, TYH3 was at 112.25+.

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