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Short term profit taking

BUNDS
  • Some short term profit taking, after Bund broke above 164.80, likely Prop and locals (But unconfirmed).
  • Initial bid started after the bidding deadline for the 10yr Auction, and the contract stayed underpinned around 164.72/164.75 after strong auction result.
  • Small resistance in Bund moves down to 164.95.

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