Tag Archives: BUND
FI Eye-Opener: Bye, bye, Finnish AAA?
Bonds rallied big-time yesterday in the aftermath of dovish Fed minutes and disappointing Chinese data. German 10-year yield plummeted by some 5bp, the corresponding US yield by 4bp.
Eroding dollar support. More SEK weakness
EUR/USD: The break of 1.3821 sent the pair higher to 1.3871, just awhisker away from our 1.3877 stop (to the bearish Mar 14call).
FI Eye-Opener: Listen to what we say, not what we forecast
German bond yields edged higher yesterday, while intra-Euro-zone bond spreads narrowed outside the semi-core. Especially Greek bonds rallied on the prospect of a successful new bond launch.
JPY buying taking a pause (but there’s more to come)
EUR/USD: Monday’s rally continued also yesterday with the marketrising back above the 2008 trend line threatening the 1.3821resistance.
FI Eye-Opener: Greece about to enter the market
German bond yields edged up yesterday after the drop in the previous days, but US bonds continued to perform. The German 10-year yield ended the day up by some 2bp,
USD/JPY testing important support near 102.70
EUR/USD: The par was refused more than a blip below the Fiboadjusted short-term “Ichimoku cloud” Fri and there wassome bullish follow-through yesterday too. This pointtowards 11.3775 before down.
FI Eye-Opener: No jumping the gun on QE
After some initial weakness, longer German bonds ended the day with small gains, as there were signs things could heat up in Ukraine again. Intra-Euro-zone bond spreads corrected wider,
FI Eye-Opener: QE expectations with more room to intensify
Bonds rallied on Friday on both sides of the Atlantic, as the US payrolls report (see more below) failed to impress. The US 10-year yield plunged by almost 8bp,
Signals for a stronger yen. AUD/USD close to target
EUR/USD: The break of 1.3698 brought us down to a new cycle low butthere wasn’t enough supply to push prices down to the1.3643 key support.
Weekly Economic & Financial Commentary
U.S. Review A Broadening Recovery Offsets Near-Term Weakness · Nonfarm payrolls increased across most industries in March,
Dollar continues to be in demand. SEK weaker.
EUR/USD: The break, however not yet sustained, of 1.3704 has furtherenhanced our bearish view calling for more selling to soontake place. Short term there will be some further consolidation in
FI Eye-Opener: Draghi’s worst fears becoming reality
Bond yields edged lower yesterday, as Draghi’s dovish words had some effect (see more below), though the moves were rather small in core yields. The German 10-year yield, for example,