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Yields Approaching Key Chart Point

BUND TECHS

Bund futures (Z0) continue to rally.

  • This week's break of 175.08, Aug 4 high has confirmed a resumption of the broader uptrend.
  • A look at the yield chart highlights a key level of -0.591%, a low dating back to May 5.
  • In technical terms this represents a key support that if breached would expose potential for a decline towards -0.600% and potentially -0.614%. The latter is 61.8% of the sharp rally in yields between Mar 9 - 19.

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