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Trapped between the 100-DMA to the upside.....>

BUNDS
BUNDS: Trapped between the 100-DMA to the upside and 200-DMA to the downside,
10-year Bund yields are making a renewed attempt to push higher from the range
that has developed since the beginning of the year. A move above the 50-DMA at
0.534 and the range top at 0.536 will open the way for yields to push higher
through the down trendline towards the 0.608 yield level initially, which is an
important medium term pivotal point. Medium term momentum indicators are also
turning higher supporting the push higher by yields. Intra-day trend and and
momentum indicators are already giving signals pointing to higher yields.

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