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Worth watching the 5yr Germany

BOBL
  • Short end Germany lead early gains, and especially the 5yr Bobl.
  • There's likely some receiving interest, as the 5yr yield traded at highest level since 17/07/15.
  • Next upside target to watch is the 2015 high, and highest since September 2014 at 0.271%
  • Reference 129.87, 0.271%, would equate to 129.52, the big level to watch.

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