Free Trial

SCHATZ: Futures Challenge Bull Trigger

SCHATZ

Schatz futures (U4) have challenged the bull trigger at 105.975 (Jun 14 high) amid continued short-end outperformance across global FI.

  • Futures reached a high of 106.005, just short of the March high at 106.010 (current price is 105.955 at typing). On the continuation chart, first resistance is 106.215 (Jan 31 high).
  • Volumes are well above average for this time of day, with several large block trades seen since the weaker-than-expected IFO release at 0900BST today.
  • Bund futures are +28 today at 132.62 after briefly showing above the July 17 high at 132.66. Bunds were unable to push through the June 25 high at 132.80.

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.