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Safe Haven unwind

CROSS ASSET
  • Govies continue to unwind safe haven flow, as Equity futures extends higher, helped by the higher Cash open.
  • VGM3 was bought in over 5k.European supply also likely a factor, although should weigh into the bidding deadlines into Bonds.
  • Support in Bund is still at 135.80.
  • Cable eye immediate resistance at 1.2344, last week's high and the highest print since the 2nd Feb.

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