Free Trial

10Y Put Sales

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) Still Heavy

  • RES 3: 152.53 - 1.50 proj of Aug 28 - Sep 4 rally from Sep 7 low
  • RES 2: 152.45 - 3.0% Upper Bollinger Band
  • RES 1: 152.29 - High Sep 24 and the bull trigger
  • PRICE: 151.93 @ 16:04 BST Oct 9
  • SUP 1: 151.75 - Low Oct 08
  • SUP 2: 151.54 - Low Sep 7 and key near-term support
  • SUP 3: 151.43 - Low Sep 1

JGBs remain below recent lows and price remains under pressure over the short-term. Price has traded through both 152.00 and the initial support at 151.97, Oct 2 low. This signals scope for a deeper corrective pullback. The move to 151.75 has countered the bullish trend perspective and turns the outlook more neutral. For the upside argument to strengthen, markets need to take out 152.45 and 152.53. The bull trigger is at 152.29, Sep 24 high.

MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

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.