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CROSS ASSET: Gilts Reach New Intraday Lows As CrowdStrike Deploys Fix For Outage

CROSS ASSET

Renewed pressure now being seen in core FI, with Gilt futures registering new intraday lows. Headlines reporting that CrowdStrike has deployed a fix for the outage issue have likely aided the reversal, though the dollar index remains bid at typing.
•    First support in Gilts remains some way off at 97.63 (July 11 low), with the 50-day EMA of 131.65 in providing the respectively target for bears in Bunds.
•    USTs currently at 111-01, still off the overnight low of 110-30+ and above support at 110-15+ (20-day EMA)
•    Bund, Gilt and Tsy futures nonetheless continue to sit above Monday’s levels.
 

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Renewed pressure now being seen in core FI, with Gilt futures registering new intraday lows. Headlines reporting that CrowdStrike has deployed a fix for the outage issue have likely aided the reversal, though the dollar index remains bid at typing.
•    First support in Gilts remains some way off at 97.63 (July 11 low), with the 50-day EMA of 131.65 in providing the respectively target for bears in Bunds.
•    USTs currently at 111-01, still off the overnight low of 110-30+ and above support at 110-15+ (20-day EMA)
•    Bund, Gilt and Tsy futures nonetheless continue to sit above Monday’s levels.