April 30, 2024 10:49 GMT
Bund and EGBs are extending lower
BONDS
- Bund tests and is through the initial small support noted at 130.37.
- Further downside momentum will open to the 130.00 figure, and a clear break through will have some investor looking at 129.53, last week's low, although as noted previously the next target is at 2.663%, which again equates to 129.37 today (the 24th Nov high Yield).
- US Tnote eyes 107.18+, Yesterday low, while the next big level is still at 4.75%, held last week.
- Today would equate to 107.01+.
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