Trial now
JGB TECHS

(Z1) Bearish Trend Condition

AUSSIE 10-YEAR TECHS

(Z1) Bearish Price Sequence

AUSSIE 3-YEAR TECHS

(Z1) Off Recent Highs

US 10YR FUTURE TECHS

(Z1)‌‌ Support Appears Exposed

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

EGBs have faded from their best levels this morning, helped by decent beats across Regional German CPIs versus last and Unemployment data.

  • The Bund resistance at 176.62/176.67, has so far held.
  • Peripheral spread sees Italy, Portugal and Spain wider, while Greece trade 1.3bp tighter against the German 10yr.
  • Gilts are underperforming Bund this morning, translating to a 0.5bp wider spread, which is not that impressive.
  • Although it is still worth noting that the UK/Bund spread is now at widest levels since the beginning of May.
  • US Treasuries saw some downside continuation from the Asian session spilling over into the European session
  • Tnotes are now trading back into the Fed meeting ranges, with the contract flat on the day.
  • Looking ahead, US IJC, GDP and Core PCE., and US 7yr note.
  • Earnings, include Comcast, Merck, Mastercard and Amazon