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10Y Yield Breaks Below 100DMA Support

CZECHIA
  • LT bond yields have been retracing lower recently in the Euro/CEE region amid rising recession fears.
  • Czech 10y yield broke below its 100DMA at 4.37% and is approaching its next support at 4.30%, which corresponds to the 50% Fibo retracement of the 2.8%-5.79% range.
  • Next ST support to watch on the downside stands at 4% (LT upward trending support line).
  • On the topside, resistance to watch above 4.37% stands at 4.50%.

Source: Bloomberg/MNI

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