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Eyeing a test at the figure

BUNDS

Bund remains under pressure, and eyeing a test back at the figure 174.00.

  • 5/30s is nearing the 24th Feb high at 83.442, but the initial target is still seen at the 2020 high printed in January at 84.808.
  • In yields, 10yr resistance is seen at -0.297% (38.2% retrace of the Feb 25th-March 2nd fall).
  • Reference 174.15, -0.297% equates to 173.96 today.
  • Technically, next support is seen at 173.77

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