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BUNDS
  • A pick up in selling volumes going through in Bunds and Tnotes, and despite the underperformance of the longer end, 5s/30s are bear flattening in early trade.
  • Bund test immediate support at 168.75 Low May 21 (cont).
  • Below the latter eye 168.62 2.00 proj of the Sep 9 - 17 - 21 price swing.

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