Since the peak of 140.23 on Friday 13th January, the Bunds have come off a smidge over 300 ticks flirting with the 2% yield level. Making a yield high of 2.008%. This 2% level proved to be very important last year. Participant will see this level as pivotal for the near future tend. A move through here and a breach of 136.69 may confirm that the recent rally has come to an end. In which case the market will propably test the 133.00 handle which has held the lows of the current range. If the market can sustain the recent levels then I favour we will rally back towards the recent highs and in particular the all time low yield level of 1.636%.
No comments:
Post a Comment