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French 10yr Yield tested 3.30%

OAT
  • OAT has pushed through new lows, with the 10yr Yield through 3.30%, with some likely long futures caught offside now, given the large moves in the French Bond this week.OATU4 has lost 323 ticks from the June high, and 192 ticks from Monday's downside opening gap.

In Yield terms:

  • 3.314% = 122.47 (76.4% retrace of Oct/Dec fall).

Chart source: MNI/Bloomberg

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