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SAGBs Eke Out Tentative Gains Following Western Sanctions on Russia

  • SAGBs open -3.2-3.5bp firmer this morning, trimming losses from yesterday’s risk-off session as the West hit Russia with crippling sanctions.
  • Yields rose +12-18.3bp across the curve with 15-30Y tenors most offered, but failed to establish new highs above Friday’s levels.
  • Key 10Y levels: Sup1: 9.673, Sup2: 9.591, Res1: 9.86, Res2: 9.90.
  • 30Y levels: Sup1: 10.486, Sup2: 10.395, Res1: 10.627, Res2: 10.657.
  • Top40 Index trades +0.80% higher, holding above the 70,000 handle as commodity prices support miners.

MNI London Bureau | +44 020-3983-7894 |
MNI London Bureau | +44 020-3983-7894 |

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