Free Trial

TYM0 sees decent clip selling as we.....>

MARKET TALK
MARKET TALK: TYM0 sees decent clip selling as we test low of the day, over 4k
cumulative. Bund is now some 65 ticks lower. The contract downside momentum
seems to be abating for now. 
*Nonetheless, further downside extension should open towards 170.77 76.4%
retracement of the Apr 8 - 21 rally... BUT, also worth noting that in yield term
-0.35% is situated today at 170.85 (Ref 171.49), so should see decent support
area at 170.85-170.77.
**EQUITIES: Few questions on the better Risk on or at least Equities underpinned
in early trading. Oil stabilising post the Tweet from Trump on Iran yesterday,
has contributed somewhat. Also, a more positive outlook on Covid-19 in Asia,
with WHO reporting that 83 vaccine are in development globally, with Human
trials already started, and China reporting no death for the eighth straight
day.

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.