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BONDS: French 10yr Yield breaks the November low

BONDS
  • French OAT futures has breach the November high, and in turn the 10yr Yield Through the November low, taking some positive from the earlier French Finance Minister Armand's comment.
  • In futures term, the next upside resistance is eyed at 126.27.
  • In Yield terms, looking at the 61.8% retrace of the Oct/Nov range at 2.967%.

Today, reference 125.93:

  • 2.967% = 126.11.
  • 2.950% = 126.27 (that Futures level).
  • 2.900% = 126.75.

(Chart source: MNI/Bloomberg):

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  • French OAT futures has breach the November high, and in turn the 10yr Yield Through the November low, taking some positive from the earlier French Finance Minister Armand's comment.
  • In futures term, the next upside resistance is eyed at 126.27.
  • In Yield terms, looking at the 61.8% retrace of the Oct/Nov range at 2.967%.

Today, reference 125.93:

  • 2.967% = 126.11.
  • 2.950% = 126.27 (that Futures level).
  • 2.900% = 126.75.

(Chart source: MNI/Bloomberg):