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Peripherals are widening

BONDS
  • Next upside resistance in Bund will be at 135.41, the 23rd Dec high.
  • Largest hourly move for Bund since the 20th Dec, and another good pick up in Volumes.
  • Greek/Bund spread is 9.1bps wider, and testing 218.99, the 29th November high.
  • Next resistance in the spread is at 223.7bps, 21st Nov high.

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