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Wednesday's Rally Unwound

BUNDS

Bund futures show as low as 137.65, with Wednesday’s sizable rally now fully unwound. Initial technical support comes in at the Dec 20 low (137.33), although the bullish technical backdrop remains intact, with our technical analyst flagging more meaningful support at the 20-day EMA. 10-Year Bund yields sit ~9bp off recently registered ’23 lows, last showing at 1.986%.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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