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EURIBOR OPTIONS

Put fly seller

SHORT-STERLING OPTIONS

SONIA option trade

MARKET INSIGHT

Price Signal Summary - EURUSD Bear Flag?

PORTUGAL T-BILL AUCTION RESULT

3/11-month BTs

US
US: 10-YEAR YIELD TECHS: A Close Above 3.20 May Prove Constructive
*RES 3: 3.3956 Apr 5 2011 low, now resistance
*RES 2: 3.2594 High Oct 9
*RES 1: 3.3255 Channel top
*PRICE: 3.1939 @ 16:46 GMT, Oct 19
*SUP 1: 3.1283/61 21-dma/May 18 high, now support
*SUP 2: 3.1519 Channel base/23.6% 2.8063-3.2594
*SUP 3: 3.0139 Aug 1 high, now support
The recovery of 3.20 was short-lived and a close above would prove constructive
to returning towards the channel top at 3.3255. Much of Friday trade was
contained within the week's (and Thursday's) range. The bigger picture uptrend
remains intact through with the Oct 9 high at 3.2594 acting as resistance. A
break above would extend the uptrend towards the channel top at around 3.30. For
a meaningful fall in yields, the channel base at 3.1519 would need to be
breached, opening a move towards the 3.05 level, ahead of the Aug 1 high at
3.0139.