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Test session low

BUNDS
  • Bund is at new session low, but volumes are still fairly subdued as we start the week.
  • In terms of pure Tech, immediate support is at 169.70 3.236 projection of the Dec 8 - 20 price swing.
  • Below the latter opens to 169.48 Low Nov 1.
  • Regardless, most RM, Rate, Swap desks will eye the psychological 0.00% yield level, which today equate to 169.34.

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