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- Bund test immediate support at 169.26 1.618 proj of the Sep 9 - 17 - 21 price swing.
- Below here, some will look at 169.00 next, but key initial area is at 168.74 (-0.146% yield)
- Coincidentally, in terms of technical, 168.75 Low May 21 (cont)..
- BTP is testing through initial support at 151.32 76.4% retracement of the Jun 25 - Aug 5 rally (cont).
- Now eye the 151.00 figure.
- TYZ1 support is still seen at 28th Sep low 131.07, but the key initial area is at the next yield resistance at 1.59%, which equates circa 131.02
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.