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Extending lower

BONDS
  • Bund futures is slowly catching with the UK Gilt, now looking at breaking 128.00, not a tech level.
  • Support is still seen further out, at 127.46 initially.
  • Last Thursday, the contract found support just ahead of the 3% psychological level in Yield terms, printed a 127.01 low in futures, and a 2.982% in Yield.

Today reference 128.07:

  • 3.00% = 126.88.
Support in TYZ3 moves up to 107.15+, followed by 107.07.

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