Free Trial

Bunds And BTPs On Session Highs Post-ECB; Gilts Lag

EGBS

A dovish-leaning ECB outcome has benefited European FI across the board. Some quick futures levels:

  • Bund futures are just off session highs, last 172.02 - next upside resistance is 172.29 (Tuesday's high).
  • BTPs have bounced sharply - Sep 2 high of 154.45 is key near-term resistance (153.94 last, 154.02 session high).
  • Gilts meanwhile are underperforming but have bounced nicely just above 127.65 support (61.8% retracement of Jun 3 - August rally), with 127.70 low. At 127.92, Dec Gilts are trading just above 127.89 (Sep 7 low), and next resistance is Sep 3 high of 128.77. But still below session high of 128.14.

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.