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QUICK TECH

BONDS
  • Further pull backs lower in Govies.

QUICK TECH:

  • Bund small support moves to 169.92, and a clear break opens the -0.18% circa 169.50 area, where we tested 2 times last week.
  • Gilt support to watch is the 124.83 Low Sep 30, and a break through the latter opens to 124.64 1.382 proj of the Aug 31 - Sep 17 - 21 price swing
  • TYZ1 support moves up to 131.24. Further downside traction eye 131.07.
  • But note that the area to watch is the next resistance level in Yield at 1.59%, which equates circa 131.02

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