TRUDEAU SAYS IT LOOKS LIKE BOC WILL BE LOWERING RATE AGAIN

MNI BRIEF: Canada Commits To Just One Of Three Fiscal Anchors

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.14B BSL

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Price Signal Summary - Gilts Head North And Short-Term Pullbacks Are Considered Corrective

OUTLOOK
  • In the FI space, Bund futures traded higher Friday, breaching 138.00 and the contract has started this week on a firm but still volatile note. The near-term outlook is bullish. The 140.00 psychological handle has been pierced, a clear break would open 140.47, 76.4% retracement of the Dec 7 - Mar 9 bear leg (cont). Key support to watch this week lies at the 20-day EMA - at 134.30. A reversal lower and a break of this support is required to signal scope for a deeper retracement. Initial support is 137.10, today’s low.
  • Gilt futures remain above 103.12, the Mar 15 low. For now, the outlook is bullish and today’s earlier resumption of gains signals scope for a climb towards the 108.00 handle. The contract traded higher Friday to reinforce bullish conditions. On the downside, firm support is seen at the 20-day EMA, where a break would strengthen any developing bearish threat. The average intersects at 102.67. Initial firm support lies at 104.12, the Mar 16 low.
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets

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.