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The 2.557% Yield level holds

BUNDS
  • Bund has once again found support at the 2.557% Yield resistance, printed a 2.55% high, with the move helped by receiving interest.
  • After closing the opening gap, next small resistance is at 133.18, and above the latter, most investors will look at 133.44, Yesterday's high.
  • BTP still leads and the Italian/German 10yr spread has now cleared the 160.00bps handle, now trading at 158.00bps.
  • For the futures contract, resistance comes at 116.38.

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