Free Trial

Bund and BTP lead Govies lower

BONDS
  • Bund and BTP leading the way lower, dragging OAT, and starting to see better offers in Treasuries.
  • Tmotes also at the low.
  • Bund support is at168.62 2.00 proj of the Sep 9 - 17 - 21 price swing.
  • But worth looking at yields.
  • Next resistance is at 0.10%, which today equates to 168.44.
  • But key next target is at the 2021 high 0.074%, equates to 168.05.
  • BTP, we look at 151.00 Low Oct 6 and the bear trigger initially.
  • Gilts sees 123.16 Low Feb 27, 2019 (cont) next.
  • TYZ1 (cash is closed) is at 130-25 1.50 proj of the Aug 4 - 11 - 17 price swing.
  • But again we look yields. and 1.70% more psychological than anything, would equate to 130-11.
  • Next key resistance in yield is at 1.7811%, and this would equate to 128.22.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.