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Takes its cue from Bund

OAT
  • French OAT are still holding above session low, but trade inline with Bund, which is seen by a flat OAT/Bund spread.
  • The initial key area for the contract is seen at the 2021 10yr yield high at 0.326%, printed in May and the highest print since March 2020.
  • Today, reference 161.91, 0.326% equates to 161.50

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