9 May 2014
Technically set up across markets – RBS
FXStreet (Guatemala) - Strategists at RBS explained that technical forecasts between them across the money markets.
Key Quotes:
"Bunds to see a near-term correction from 1.43% but will be likely to test 1.38% thereafter".
"Treasuries made a fresh high, but remained below 125-07+, as correction expected before re-testing of the resistance level".
"Gilts look most exposed for a correction towards 109.59 onto 109.11 once 20-day MA support is lost".
"Bobls broke above 126.03 resistance, opening 126.33 target after a correction to 125.80".
"US-Germany 10-yr spread remains in the favour of Germany with 120 bps being a key resistance".
Key Quotes:
"Bunds to see a near-term correction from 1.43% but will be likely to test 1.38% thereafter".
"Treasuries made a fresh high, but remained below 125-07+, as correction expected before re-testing of the resistance level".
"Gilts look most exposed for a correction towards 109.59 onto 109.11 once 20-day MA support is lost".
"Bobls broke above 126.03 resistance, opening 126.33 target after a correction to 125.80".
"US-Germany 10-yr spread remains in the favour of Germany with 120 bps being a key resistance".