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The 30yr part of the curve leads

BONDS
  • The 30yr part of the curves have been leading for the past couple of sessions, helping some of the US and German curve steeper Yesterday, after the US 5s/30s flattened to its lowest level in over a Month post US CPI.
  • The outperformance in the 30yr Futures keeps the 5s/30s curves once again flatter today.
  • Resistance in Buxl is at 135.51, the very short term 50% retrace of the February fall.
  • WNA like TYH4 are still short of Pre CPI levels, WNA would need a test to 126.11.

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