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MNI tech resistance holds

BUNDS
  • Really decent volumes for Bund at this early time of the day.
  • Resistance noted at 136.47 20-day EMA, has so far held.
  • BTP outperforms in EGBs, pushing the BTP/Bund spread 7.7bps tighter, lowest since the 14th December.
  • Support in the spread will be seen at 200.00bps, followed by 196.96bps.

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