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Fresh Cycle Highs For 3-Year Yields, YM & XM Bears Look To June Bases

AUSSIE BONDS

3-Year ACGB yields have topped their previous cycle peak in early Sydney dealing, printing at 3.767%, which equates to the highest level observed since 2012.

  • In technical terms YM bears now target the June low at 95.960 (continuation chart).
  • 10-Year ACGB yields haven’t managed a challenge of their cycle high (4.255%), printing at ~4.08% at typing.
  • With XM through overnight lows, bears now look to the mid-June base at 95.670 (continuation chart) as the next technical target.
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3-Year ACGB yields have topped their previous cycle peak in early Sydney dealing, printing at 3.767%, which equates to the highest level observed since 2012.

  • In technical terms YM bears now target the June low at 95.960 (continuation chart).
  • 10-Year ACGB yields haven’t managed a challenge of their cycle high (4.255%), printing at ~4.08% at typing.
  • With XM through overnight lows, bears now look to the mid-June base at 95.670 (continuation chart) as the next technical target.