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Under broader downside pressure

BONDS
  • Further unwind lower in Bond, will have investors keeping a close eye at the Gilt and the 4.50% Yield level, which triggered receivers, profit taking and short covering on the big bounce Yesterday.
  • The 4.50% level equated to 93.85 yesterday, and Futures just failed just short of that at 93.88.
  • Today 4.50%, equates to circa 93.90.
  • Bund support is at 132.90, followed by 132.47, with the latter holding yesterday.

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