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Test the July peak

BUNDS
  • Auctions are out of the way, well we still have some French Linkers, but these don't impact Bund.
  • Bund test that July peak and highest since March at 174.77.
  • As noted on the open, yield support is seen -0.346% (the April low), which today, reference 174.64 would equate to 174.83.
  • This is the initial area of interest.
  • Looking at Tnotes, resistance is at the 08/07 high at 134.03

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