Free Trial

German 10yr Yield test the 2.35% level

BUNDS
  • With Bund above 133.10, this means that the 10yr is now below 2.35%, and as already noted, Cash and Swap desks will be watching for the April low of 2.317% level, the next support area of interest in Yield.
  • This equates to 133.44 in Futures.
  • OAT/Bund spread is back towards ~7bps wider on the day, at 76.4bps, with all the focus on the 2017 high, ahead of the big Psychological 80bps.
  • Volumes in Bund and Schatz are way above averages, clearly all type of accounts are involved.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.