April 24, 2024 10:33 GMT
Eyeing next Yield level
BUNDS
- Bund is now testing Monday's low of 130.52, but initial support is seen towards 130.45, the 2.56% Yield retracement level.
- A break through that area, will open to 2.60%, which today equates to 130.04 today.
BTP futures is still leading lower so far today, helping keep the Italian, German 10yr spread wider.
Looking at Yield for the BTP 10yr, today reference 117.05:
- 3.948% = 116.78 (last week high Yield).
- 3.973% = 116.57 (April high).
- 4.000% = 116.34 (2024 high).
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