Tag Archives: BUND
BUND Analysis
German government bonds are opening moderately lower Wednesday amid moderate risk-on after Chinese PMI from the semi-official CFLP and from HSBC came in above expectations and ahead of Germany’s 10-year Bund re-opening auction.
BUND ANALYSIS
German government bonds are mixed Friday with the yield curve flatter on duration extension buying, according to traders. Bunds opened higher on weaker European stocks open amid a continuing impasse over Greek debt swap talks.
BUND ANALYSIS
German government bonds are opening higher Thursday following overnight gains in USTs after the Federal Reserve indicated that rates will remain “lower-for-longer”. The FOMC statement said, “To support a stronger economic recovery and to help ensure that inflation, over time, is at levels consistent with the dual mandate, the Committee expects to maintain a highly […]
BUND ANALYSIS
German government bonds are opening higher Monday on risk-aversion buying after Greece and its private creditors failed to reach a full agreement on a debt swap plan this weekend. Focus turns to EU FinMin meeting in Brussels for the next directional move.
BUND ANALYSIS
German government bonds are lower Thursday but off their worst levels following Spanish bond auction results, which were seen as disappointing. Spain allotted E6.61bln total size in 4.25% 2016 Bono, 4.60% 2019 Obligacion and also the 5.85% 2022 Obligacion issues Thursday, and exceeded the target of E3.5bln to E4.5bln set by the Tesoro Publico. However, […]
BUND ANALYSIS
German government bonds are opening lower Tuesday following improvement in risk-sentiment overnight after China GDP data and post S&P downgrade of the EFSF rating from AAA to AA+. However, Bunds are seen underpinned by continued eurozone sovereign debt jitters where Portuguese yield spreads after S&P downgraded its rating 2 notches into junk to BB, and […]
BUND ANALYSIS
(139,98)The BUND confirmed a strong closing on Friday ending the week just below 140, probably on the way toward the 141,77 s/t target. The indicators of the daily chart are well positive as well as those of the weekly one supporting further strength.
BUND ANALYSIS
(139,01)The BUND found good resistance already below 139,45 where it formed a small double top. The closing was negative but only a daily closing tonight below 138,95 will favour lower levels.
BUND ANALYSIS
(139,25)The BUND confirmed a new high after having failed to extend the drop below 138,43 where it even formed a small double bottom. The move up aborted of course the suggested S_H_S formation, re-launching the move up.
BUND ANALYSIS
(138,72)The BUND failed to confirm the small negative day reversal but it failed also to confirm higher levels for now. The BUND is however still finding good resistance above 139. The s/t charts are still showing a potential S_H_S formation with the neck line at 138,13!!
BUND ANALYSIS
German government bonds are opening lower Tuesday amid risk-on trades overnight after Alcoa reported better than expected revenue, depsite negative warnings on its earnings after the market close.
BUND ANALYSIS
(138,80)The BUND formed a small negative day reversal but only a daily closing below 138,49 tonight will confirm a s/t top favouring a deeper correction. The BUND is however finding good resistance above 139.