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The 2.557% level holds

BUNDS
  • Although Bund is off its low, the contract still trade near that 2.557% Yield level, printed a 2.547% high yesterday, with a 132.20 low print.
  • Aside from some data, main focus today is on the Equities, indices, single, and option expiries, with some of the largest OI seen in Europe.
  • Support in Bund is circa the 132.18, or more precisely at 2.557% in Yield (March 10th high and held on the 26th May).
  • Small initial resistance will be at 132.85, small opening gap, followed by 133.18.
  • Today, sees , Italy final CPI, BoE 12mths inflation, EU final CPI, US prelim Michigan.
  • SPEAKERS: ECB, Holzmann, Rehn, Muller, Centeno, Villeroy (x2), Fed Bullard, Waller, Barking.

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