Free Trial

Keep an eye on yields

BUNDS

Bund tech: Next support is seen at 173.58 2.236 proj of Jan 4 - 12 sell-off from Jan 27 high.

  • But would also look at yields here, with the June high at -0.259% which also correspond to 38.2% retracement of 2018-2020 at -0.253%
  • Although Month End is average for EU, it is decent for the US.
  • May find some short term support in Bunds at the yield level.

Reference 173.70

  • :-0.259% = 173.43
  • -0.253% = 173.31


Chart source: Bloomberg

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.