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Remain off their traded lows

BONDS
  • It's another notable early session for Bund in terms of volumes, following the largest traded volume for the June contract Yesterday at ~1.4mln Lots.
  • Govies are on a holding pattern, after they tested some key levels in Yield terms, Bund the 2024 high, Schatz forming a double top for April at the 3% mark, while BTP didn't quite manage to challenge the 2024 high of 4%, failed at 3.973% Yesterday.
  • US 10yr at the 4.70% mark, with some desks likely parking some cash at these Yield levels on both sides of the Pond.
  • With no real tier 1 data left for the session, focus will be leaning on the scheduled speakers.

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