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Paring gains to fall to session low

BUNDS
  • Bund has seen a good rejection ahead of the next yield level noted at 2.139% earlier, this equated to 134.85, and the contract printed a 134.81 high and a Yield of 2.148%.
  • The contract has now fallen all the back to its session low and is eyeing a test through the 134.00 figure, positions squaring as we head into the later part of the European session likely a driver.
  • Initial support is still seen towards 133.68, but the contract is finding some demand at the figure for now.
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  • Bund has seen a good rejection ahead of the next yield level noted at 2.139% earlier, this equated to 134.85, and the contract printed a 134.81 high and a Yield of 2.148%.
  • The contract has now fallen all the back to its session low and is eyeing a test through the 134.00 figure, positions squaring as we head into the later part of the European session likely a driver.
  • Initial support is still seen towards 133.68, but the contract is finding some demand at the figure for now.