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November Yield peak holds

BUNDS
  • German 10yr Yield November peak held yesterday, Bund printed a 2.385% high vs 2.38% November peak, with future printing a 134.98 low.
  • Support remains at 135.00, and that Yield area.
  • Resistance moves down to 135.60, then the 136.00 figure.
  • Above the latter, sees 136.56.
  • There's still a few data to take down as we head for Christmas, French/Spanish PPIs, Spanish final GDP, Italian Consumer Confidence.
  • Out of the US, PCE core deflator, prelim Durable Goods, while Michigan will be final reading.

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