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Bund crashes through the lows

BONDS
  • Bund crashes through the lows, but volumes have abated, compared to the first few hours of the European open
  • All spreads are in turn tightening further and Curve move bear steeper.
  • US 10yr is tighter by 5bps, UK 5bps, Italy 12.3bps and now Greece by 18.4bps.
  • Support in Bund, comes at 164.39 Low Mar 1
  • In yield terms,, next resistance comes at 0.146%, which would equate to 164.40.
  • So next area to watch is 164.40/164.39.

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