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Taking its cue from US Treasuries

BUNDS
  • Bund is taking its cue from the earlier selling orders that went through in US Treasuries, although the moves have lacked momentum.
  • US TYM4 was trading circa 107.20 pre FOMC, but most will look for initial support at 107.12+, Yesterday low, although the initial key area is still seen at the 4.75% in Yield.
  • For Bund the downside target would be at 129.95 (opening Gap).

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