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Looking at the German 10yr Yield

BONDS
  • Another gap higher for German Yield with ALL EYES turning towards the US NFP/AHE today.
  • Although, steepeners have been favoured, not too surprising, the move lower in futures has been somewhat perplexing, as desks look for less aggressive/pause paths from Central Banks.
  • Nonetheless, further push lower in futures, will highlight the triple top in 10yr Yield at 2.679% (July peak), if we get a decent beat on the US data later today.

Reference 131.44:

  • 2.679% = 130.84.

Chart source: MNI/Bloomberg

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