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Looking to test initial resistance

BUNDS
  • Some bids are emerging in Bund, but in very light volumes, eyeing a test towards the initial resistance of 135.19.
  • Upside momentum will open to 2.078%, the August low in yield.

Today reference 135.12:

  • 2.078% = 135.50.
Note that the futures contract did print a 135.66 high when it made that 2.078% low on the 5th August.
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  • Some bids are emerging in Bund, but in very light volumes, eyeing a test towards the initial resistance of 135.19.
  • Upside momentum will open to 2.078%, the August low in yield.

Today reference 135.12:

  • 2.078% = 135.50.
Note that the futures contract did print a 135.66 high when it made that 2.078% low on the 5th August.