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Pushing higher

BONDS
  • Bund continues to unwind short term inflation fears, with lower energy prices throughout our European trading session.
  • Italy is still outperforming, on the back of yesterday's source story that the ECB is studying plans for new Bond-buying plan, when crisis tools end.
  • Equities are also finding a bid as the US comes in.
  • Decent buying going through in Nasdaq futures over 1.5k, with US yield ticking lower today
  • Resistance in Bund moves down to 170.03
  • TYZ1 resistance is at yesterday's high 131.27

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