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Recovers from the low

BUNDS
  • Bund has tested through the initial support seen at 130.83, and went as low as 130.66, but didn't quite managed to challenge next support of 130.56, although it did print 130.50 low Tuesday.
  • Seems that the pullback off the low in Bund has been in part led by Swap related trades, combined with some intraday short cover.
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  • Bund has tested through the initial support seen at 130.83, and went as low as 130.66, but didn't quite managed to challenge next support of 130.56, although it did print 130.50 low Tuesday.
  • Seems that the pullback off the low in Bund has been in part led by Swap related trades, combined with some intraday short cover.