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Core FI Futures Through Friday's Highs

BONDS

Bonds rally on the combination of the pullback from best levels in European and U.S. equity futures and the slightly softer-than-flash European PMI data.

  • This allows TY, Bund and gilt futures to push through Friday’s highs, adding a technical aspect to the move.
  • TY resistance comes in at the 50-day EMA (109-12)
  • Bund resistance comes in at the 20-day EMA (130.31)
  • Gilt resistance comes in at the May 23 high (97.44).
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Bonds rally on the combination of the pullback from best levels in European and U.S. equity futures and the slightly softer-than-flash European PMI data.

  • This allows TY, Bund and gilt futures to push through Friday’s highs, adding a technical aspect to the move.
  • TY resistance comes in at the 50-day EMA (109-12)
  • Bund resistance comes in at the 20-day EMA (130.31)
  • Gilt resistance comes in at the May 23 high (97.44).