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10Y Yield Consolidates Towards 61.8% Fibo Support

POLAND
  • Poland 10Y yield has been retracing lower in recent days after finding resistance slightly below the 5.89% level last week (50% retracement of 3.65% - 8.13% range).
  • ST support to watch stands at 5.36% (61.8% Fibo); next level to watch on the downside stands at 5% (200DMA).
  • On the topside, resistance to watch above 5.89% stands at 6%.

Source: Bloomberg/MNI

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