Morning Briefing
The US yields have fallen and could re-test immediate supports on the downside. The 2Yr (2.50%), 5Yr (2.48%), 10Yr (2.66%) and 30Yr (3.00%) are down from 2.53%, 2.52%, 2.6950% and 3.02% respectively. The 5Yr, 10Yr and the 30YR could come down to test immediate supports at 2.43%, 2.60% and 2.95% before again bouncing back from there. We could see the fall to continue in the early sessions next week.
The German-JGB 10Yr (0.13%) is testing immediate support just below current levels and could bounce from here to higher levels of 0.18% in the near term. This indicates a rise in Euro-Yen in the medium term.
The German-US 2Yr differential (-3.06%) ......
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