November 29, 2024 11:29 GMT
BONDS: BTP futures test the 2024 high, leading Bund higher
BONDS
- The Italian BTP futures is still leading in Europe, the 10yr Yield trades at its lowest level in over 2yrs, since 17th Aug 2022, after it broke through 3.333%, the 2024 low.
- The futures is now challenging the 2024 high at 122.62.
- Next technical resistance is at 123.32 1.764 proj of the Nov 7 - 12 - 13 price swing.
In terms of the Yield, today reference 122.60:
- 3.300% = 122.72.
- 3.250% = 123.14.
- 3.200% = 123.61.
Bund makes another attempt at the 2.10% level.
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