Free Trial

Short-Term Gains Still Look Corrective in European Bonds

FI TECHS
  • Both Gilt and Bund futures continue to trade on the front foot early Monday, building off the base established at last week's lows.
  • Nonetheless, short-term gains in Bund futures are considered corrective for now - a correction is allowing an oversold condition to unwind. The trend remains down following recent weakness and the extension below 160.00.
  • Gilt futures remain inside its range and continue to consolidate above recent lows. The trend condition remains bearish. The recent break of 120.26, Mar 24 low, marked a resumption of the broader downtrend.

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.