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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+.
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  • 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+.