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Test the psychological 173.00

BUNDS
  • Bund inch above psychological 173.00, and potentially opens to next yield target at -0.302%.
  • Reference 173.04, -0.302% would equate to 173.39.
  • In terms of MNI technical, resistance is seen at 173.32 76.4% retracement of the Mar 25 - May 19 sell-off.
  • This will be an area to watch for..

Chart source: Bloomberg

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