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Remains underpinned

BUNDS
  • Bund remains underpinned, with 10yr Yield falling from a 1.742% high print today, down to 1.666%.
  • In terms of technical, next resistance will be seen at 144.99.

In Yield term, reference 144.57:

  • 1.650% = 144.82.
  • 1.617% = 145.24 (was Monday and Friday's low).

Outperformance in Bund has pushed the peripheral spread wider, Greece by 7.5bps and Italy 5.3bps

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