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Testing new intraday high

BUNDS
  • Some upside continuation in Bund, 1 tick at a time, push the TY/Bund spread 4.1bps wider, with next upside target in the spread at 19/05 high at 178.0669.
  • Nonetheless, starting to drag Tnotes higher as the US starts to come in.
  • US 5/30 test session low (Flattening)
  • Bund MNI tech next resistance is seen further out to 170.49 50-day EMA

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