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Buxl test immediate support

BUNDS
  • Buxl is testing that initial support noted at 126.42, so far held.
  • Looking beyond that and at Yield, next area of interest is at 2.883%, the very short term 38.2% retrace of the November fall.

Today reference 126.42:

  • 2.836% = 125.10.
Bund support is at 130.13, followed at 129.72, not a Tech level for the latter, but where the contract was trading pre US CPI.

Chart source: MNI/Bloomberg.

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