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European FI Moving Higher

BONDS

The rally in European fixed income continues this morning with no particular unique catalysts (we are just moving off the highs at writing).

  • Bund futures (U0) moved as high as 176.36, breaching the 20/50-day EMAs at 176.23/28 respectively. Our technical analyst now looks to resistance at the August 27 high of 176.58.
  • Gilt futures (Z0) hit a high of 135.58. This is just below the August 27 high of 135.60.
  • Treasury futures remain in a very tight range of 139-10 to 139-14 today, and have failed to hit yesterday's high of 139-14+.

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