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Resistance area holds for now

BUNDS
  • Bund tested that 130.70/130.75 area, Friday's high, 2.63% in Yield and trendline, noted on the open.
  • The 10yr Yield printed a 2.626% low, and the futures contract has faded off its best levels following the much higher ECB 1yr Inflation expectations.

Further out, in Yield terms, reference 130.70:

  • 2.605% = 130.94 (38.2% retrace of the Mar/Oct).
  • 2.564% = 131.38 (14th Sep low).

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