April 24, 2024 12:50 GMT
Quick Yield Tech
BONDS
- A jump in Volumes in EGBs after making fresh lows, the downside continuation is met by buyers across core Govies.
- Immediate support in BTP is at 3.948% = 116.78 (last week high Yield), followed by 3.973% = 116.57 (April high).
- Bund is at 2.60%, which today equates to 130.04.
- OAT will be seen further out, to 3.14% = 124.71 (61.8% retrace of Oct/Dec fall).
- For TYM4, the 4.70% level is still circa 107.11 today.
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