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Bund, Gilt Bounce Continues But Below Highs

BONDS

Bunds and Gilts have been pushing higher the last few minutes, continuing the recovery from mid-morning session lows - but futures remain below session highs. See chart.

  • No specific catalyst seen for the recovery, but doesn't appear to be risk-off (equities have rebounded alongside; FX fairly stable).
  • RXZ2 session high was 136.72 (136.28 currently; low was 135.23; next resistance through today's high is at 137.81); G Z2 high of 99.78 (99.14 currently, low 98.15; next resistance 100.53).

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