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Targets the 1.80% Yield level on the cash open

BUNDS
  • Bund is under further pressure on the cash open, and is once again eyeing a test at the 1.8% yield level, which equates circa 142.45.
  • Schatz 2 yr Yield continues to edge to its highest levels since 2011.
  • Estoox futures saw another downside opening gap overnight, VGZ2 is now front Month and sees support at 3495.00
  • This is in turn keeping the USD on the front foot and set for another weekly gain.
  • Today sees final EU and Italian, but more focus on the US for today and the prelim Michigan.
  • SPEAKERS: ECB Lagarde and Rehn.

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