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Bank Recomendations

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A reversal seems to be taking shape, especially in U.S. Treasuries

Tue, Jun 16 2009, 06:13 GMT
by Benny Menashe

Finotec Group Inc.


NOMURA

BUNDS: "On the topside, a sustained break and close above 118.69 would be the minimum requirement to instil some momentum... A reversion back through 118.10 on the other hand would raise further question marks and if the low at 117.47 were to go as well, the potential for further downside would be significant."


COMMERZBANK

US TREASURIES: "A reversal seems to be taking shape, especially in U.S. Treasuries. If the yield of ten-year notes returned to 3.74 percent, further progress would be made in this regard. Whilst today's U.S. data may not be conducive to this happening, they should not critically jeopardise the recovery. However, the recovery would probably be postponed if the yield of ten-year Treasuries climbed above 3.87 percent again. The 3.80 percent mark should be an obstacle ahead of this level."


Finotec  | Global financial trading center, 1 Grivas Digheni and Chrysanthou, 3035 Mylona P.O.B 58007, Limassol
http://www.finotec.com/ | support@finotec.com

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