Free Trial

Bund and Tnotes at session lows

CROSS ASSET
  • Bund through session lows, 5k sold going into the Auction.
  • US TYM4 also sees further selling interest, sold in 3k.
  • Technical are unchanged, support in Bund is at 130.45, and main initial target will be at circa 107.11 in TYM4 (4.70% level).
  • No spillovers into the USDJPY, but the price action and how it develops will be closely watched by market participants, given intervention risk.
  • The 155.00 level has so far been well defended.
70 words

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.
  • Bund through session lows, 5k sold going into the Auction.
  • US TYM4 also sees further selling interest, sold in 3k.
  • Technical are unchanged, support in Bund is at 130.45, and main initial target will be at circa 107.11 in TYM4 (4.70% level).
  • No spillovers into the USDJPY, but the price action and how it develops will be closely watched by market participants, given intervention risk.
  • The 155.00 level has so far been well defended.