MNI: Japan Sumitomo Life Eyes 30-Year JGBs Above 2%

MNI: PBOC Conducts CNY2 Bln Via OMO Weds; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1048 Weds; -4.92% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

CHINA SETS YUAN CENTRAL PARITY AT 7.1048 WEDS VS 7.1059

MNI BRIEF: Hungary Central Bank Cuts To 7.75% As Expected

MNI: AUSTRALIA MONTHLY MAR CPI 0.4% MM, 3.8% YY

MNI:AUSTRALIA Q1 CPI +0.9% Q/Q

MNI: UK JAN-MAR MEDIAN PAY AWARDS +4.8% :XpertHR/Brightmine

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

(Z1) Bearish Threat Remains Present

GILT TECHS
  • RES 4: 130.72 High Aug 4 and the bull trigger (cont)
  • RES 3: 130.53 High Aug 5 (cont)
  • RES 2: 129.35 High Aug 20 and a key near-term resistance
  • RES 1: 129.05 High Aug 31
  • PRICE: 128.335 @ Close Sep 3
  • SUP 1: 128.11/03 Low Sep 1 / Low Jul 6 (cont)
  • SUP 2: 127.65 61.8% retracement of the Jun 3 - Aug rally (cont)
  • SUP 3: 127.50 Low Jun 28 (cont)
  • SUP 4: 127.25 Low Jun 23 (cont)

Gilt futures confirmed a break of support last week at 128.33, Aug 12 low and traded below 128.24, the Aug 26 low. The break lower strengthens a bearish case and signals scope for an extension. Note too that the contract has cleared the 50-day EMA on the continuation chart. The focus is on weakness towards 128.03, Jul 6 low (cont). Key near-term resistance has been defined at 129.05, Aug 31 high.

Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.