Futures : Treasuries Update
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Bunds remain vulnerable to a further sell off towards 116.58 support.
Yesterday bunds tried to recover prior to German IFO, but slipped on a stronger than anticipated number (out 15 year high at 108.7 vs. 106.8 exp.).
US PPI pushed bunds below the 117.00 support level, as numbers came out exceeding expectations.
Expect a quiet session today - holding above 116.80.
posted by GoldTrade @ 2:18 AM
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