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US 5/30s dips below the September low

BONDS
  • Very little to note in the German 5/30s curve this morning, as we trade within the last 3 days range.
  • But worth keeping an eye on the US 5/30s, as we dip below the September low.
  • Next sees the August low at 106.706, also the flattest level since 24/08/20, with the low on that day at 106.027, the latter is seen as the initial area of interest.

Chart source: Bloomberg

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