Trial now
RBNZ

LSAP Purchase Target Cut

JGBS

Futures Back From Overnight Highs

KOREA RATES

10-Year Future Hits Contract High

TWD

Central Bank On Hold At Record Low

CHINA RATES

China Repo Rates Rise Friday

(H1) Volatile

GILT TECHS
  • RES 4: 135.99 High Dec 14 and the bull trigger
  • RES 3: 135.51 High Dec 14
  • RES 2: 135.38 High Dec 15
  • RES 1: 134.95 High Dec 17
  • PRICE: 134.63 @ Close Dec 17
  • SUP 1: 134.10 76.4% retracement of the Dec 2 - 11 rally
  • SUP 2: 133.63 Low Dec 4
  • SUP 3: 133.52 Low Dec 2 and key support
  • SUP 4: 133.35 Low Dec 12

Gilt futures continue to trade in a volatile manner. This week's sell-off has seen a number of retracement levels cleared. A final retracement at 134.10 remains intact but exposed. A break would signal scope for a deeper pullback and pave the way for a move towards 133.52, Dec 2 low. On the upside, the price needs to trade above 135.38, Wednesday's high to refocus attention on the recent high print of 135.99 on Dec 11.

MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com