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Yields Through Pre-ECB Levels As Eurostoxx Correlation Remains Strong

BUNDS

10Y German yields have traded back above pre-ECB decision levels, touching 2.266% in the past few minutes, representing a ~15bp bounce from session lows.

  • This comes alongside Eurostoxx futures hitting session highs on fading banking sector panic.
  • Equity and Bund yield moves remain strongly correlated - see chart.



Eurostoxx 1st Futures and 10Y Bund Yield %Source: BBG, MNI

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