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Trades near supports

EGB FLOWS
  • Gilt has found support in Futures for now at the high 4.15% Yield, printed a 4.154% high.
  • Bund has also found support just short of the noted 133.50, printed a 133.53 low.
  • For BTP, the contract is seeing its tightest range since the 19th April, but remains close to 113.46, May's low, which is seen as the immediate support.
  • In Yield terms, upside target is at 4.40%, the April high and highest print since the start of March.
  • The Yield printed a 4.396% high in April, and reference 113.55, 4.4% would equate to 113.04 today.

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