EU DEBT LATEST: more upside ahead of the US open

The 10 year UK benchmark continues to lead the way and sharply outpace its Eurozone equivalent, with Gilts recently up to 124.83 for a 68 tick gain, while Bunds have ‘only’ been 21 ticks above the previous Eurex close at 163.69. However, the German bond did just eclipse a key resistance level around 163.67 on some charts (triple intraday high), and could trip buy-stops if breached more convincingly. On the flip-side, 0.3% has been sturdy support for the corresponding cash yield and could stall upside progress in futures. Back to Liffe, 10 year UK paper looks more inclined towards bullish/dovish activity as yields appear to have moved more decisively below 1.25%.    

11 Dec 2017 - 12:32- - Source: ransquawk

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