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Early action is in EGBs and Rate markets

BONDS

Most of the early action is in EGBs and European rate markets, as it was yesterday.

German 10yr Yield reference 138.35:

  • 2.059% = 139.45 (50% retrace of the Dec/Jan rally).
In terms of tech, next resistance will be seen at 138.62 High Dec 16, followed by the 139.00 figure.
  • Next resistance for BTP will be at the 116.00 figure.
  • Resistance in OAT is seen further out, towards 133.77.
  • TYH3 eye this week's and the January high at 114.23+, followed by 115.00.

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