October 03, 2024 10:37 GMT
BONDS: Extending lower
BONDS
- Bund is taking another leg lower and is clearing the initial area of interest seen at 134.79, now heading towards 134.64 20-day EMA.
- Support is still seen circa 134.46, and this would be followed by the 2.20% level in Yield, which today equates to 134.15.
- Schatz is sold in over 5k.
- Investors will be keeping a close eye on the 114.07 level in TYZ4.
- As noted earlier, below sees 114.01, followed by 3.8642%, the 23.6% retrace of the April/September range, would equate to circa 113.27+.
81 words