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UK T-BILL AUCTION RESULTS

DMO sells GBP3bln 1/3/6-month UKTBs

UK T-BILL AUCTION RESULTS

DMO sells GBP3bln 1/3/6-month UKTBs

HUNGARY

‘Hawkish’ NBH Halts TRYHUF Momentum

US TSY OPTIONS

Put spread buyer

(U0) Bearish Risk

BOBL TECHS
  • RES 4: 135.140 High Aug 21 and key resistance
  • RES 3: 134.970 High Aug 25
  • RES 2: 134.900 High Aug 27
  • RES 1: 134.803/822 20-day and 50-day EMA
  • PRICE: 134.620 @ 04:53 BST Sep 1
  • SUP 1: 134.540 Congestive low Aug 26, 27, 28 and 31
  • SUP 2: 134.450 Low Aug 14 and the bear trigger
  • SUP 3: 134.410 Low Aug 17
  • SUP 4: 134.336 61.8% retracement of the Jun - late Jul rally

BOBL futures are unchanged and maintain a bearish tone. The Aug 21 high of 135.140, just above 76.4% of the Jul 31 - Aug 14 downleg at 135.138, has been defined as a key resistance. The recent sell-off from this high signals scope for a deeper pullback as a bearish theme starts to once again dominate. Attention is on the key support at 134.450, Aug 14 low and the bear trigger. Initial firm resistance is at 134.900, Aug 27 high.

MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com