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Shorter end leading on the push back lower

BONDS
  • Shorter end 2yr and 5yr leads in Germany, pushing Bund towards the 137.00 figure.
  • Also some pick up in volumes noted in Schatz, and the move in the shorter end, keeps the curve flatter in Germany.
  • Yesterday's low in Schatz comes at 106.06, while next support in Bund would be seen at 136.68.

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