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Some upside continuation

BUNDS
  • Bund continues to unwind a continuation from yesterday afternoon, after the contract saw 10yr yield break the 2014 peak, but future found some support just ahead of the 2013 peak, that was 2.087%.
  • This equated to 140.31, and Bund printed 140.53 low, with desks fading after the contract fell into deep oversold territory yesterday.
  • Putin's speech has favoured some FTQ in early trade and Bund sees next small resistance at 142.15 initially.

Chart source: MNI/Bloomberg

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