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10yr yield test 0.70% handle

BUNDS
  • Bund test the 0.70% handle in Yield, printed 0.704%.
  • The yield tested the highest level since 23/02/18 on the 29th March at 0.732% and this represented 156.05 in Futures them.
  • Likely some receiving interest going through in swaps..
  • Looking further out in yield terms (ref 156.95), the next level to watch will be 0.75%, which today equates to 155.97.
  • 0.80% = 155.29

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