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OTM Bund And Bobl Put Fly Closing Feature

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Upside continuation

Bunds are extending gains, led by the German 5yr Bobl, with close
to 5k bought (cumulative volumes).
  • Bund still eye MNI tech immediate resistance at 176.98.
  • US Treasuries are edging higher, Germany led.
  • Equity are still heavy as the US starts to come in, and despite the
    small bounce off the lows, risk is today tilted to the downside.

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