Free Trial

Positive Start to New Quarter


Path Of Least Resistance Remains Down


Eurodollar/Tsy Option Roundup


Consolidation Mode

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

(Z0) Corrective Cycle

  • RES 4: 153.09 1.000 of Jun 10 - Aug 20 swing from Sep 9 low (cont)
  • RES 3: 152.00 Round number resistance
  • RES 2: 151.30 All Time High Nov 9
  • RES 1: 150.36 Low Nov 5
  • PRICE: 149.42 @ Close Nov 10
  • SUP 1: 149.18 Low Nov 10
  • SUP 2: 148.97 Low Nov 2
  • SUP 3: 148.68 Low Oct 29
  • SUP 4: 148.37 Low Oct 22 and key support

BTPS stalled at Monday's all-time high of 151.30 and has reversed sharply lower this week. The sell-off is a possible early signal that a long overdue correction may have started. If correct, this has opened the key near-term support handle at 148.37, Oct 22 low. A break of this level would signal scope for a deeper pullback. On the upside, gains above Monday's high of 151.30 is required to confirm a resumption of strength.

MNI London Bureau | +44 203-586-3805 |
MNI London Bureau | +44 203-586-3805 |

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.