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Yield are breaking through fresh decades high.

BUNDS
  • German Bund futures is down another 46 ticks into the cash open, and although Yields are not yet quoted, Bund should show above the Psychological 3% mark, equated to 126.89 Yesterday and 126.88 last week.
  • Similar for French OAT, would now have cleared last Thursday's high that was at 3.55%, equated to 121.53, printed a 121.26 low overnight.
  • BTP is heading towards the 5.000% equated to 107.73 Yesterday, printed a 107.79 low.
  • Next support for the French 10yr is at 3.600%, equates circa 121.03 (will update when quoted).
  • Today sees, Services PMIs, but final readings for FR/GE/EU/UK/US, EU PPI/Retail sales, US Factory orders, final Durable goods, US ISM services.
  • SUPPLY: UK £4.25 2y (Equates to 8k Gilt) shouldn't impact the contract. German EU3bn 7yr (equates to 18.4k Bund) should have limited impact.
  • SPEAKERS: ECB Lagarde, Centeno, Guindos, Panetta, s} Fed Bowman, Goolsbee.

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