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Pushed lower by peripherals

BUNDS
  • Bund is getting dragged by Peripheral with big moves in Greece, Italy, and to a lesser extend, but still noticeable selling in Portugal and Spain.
  • Bund eye Yield resistance at -0.074%, we did print a -0.72% on the 22nd October.
  • Today Reference 168.17':
  • -0.074% equates to 137.93
  • Next resistance in yield above the latter is at -0.05%, which would equate to 167.55.
  • Further downside traction in BTP, opens to 147.51 1.382 proj of the Sep 23 - Oct 6 - 14 price swing

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