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CROSS ASSET

ECB's Stournaras Buoys Bunds, EUR

GILT SUMMARY

BoE Comments Underpin Short-End Sell Off

CORN TECHS

(K1) Stabilises

OPTIONS

Expiries for Mar 01 NY cut 1000ET (Source DTCC)

SOY TECHS

(K1) Giving Up Gains

(U0) Snaps Lower

AUSSIE 10-YEAR TECHS
  • RES 3: 99.3600 - High Apr 02
  • RES 2: 99.2250 - High Apr 17
  • RES 1: 99.1850 - High Aug 5
  • PRICE: 98.9950 @ 14:48 BST, Aug 31
  • SUP 1: 98.9350 - Low Aug 28
  • SUP 2: 98.8100 - Low Jun 8
  • SUP 3: 98.7210 - 61.8% Mar 10 - 19 Downleg

10yr futures edged to new multi-month lows following the appearance of Fed's Powell at Jackson Hole. This extended the range base lower, bringing the mid-June lows into range. The decent intraday reversal however keeps the over-arching trend unchanged, with sideways activity still expected to continue to dominate. A break of the 98.8100, the range base or 99.1850 is required to signal a clearer directional move.