19 October 2010

Bunds : 2.45% = Yield Resistance

  • EU10YY at 2.435% now.
  • Monthly  : Big downtrend undergoing retracement now. Don't forget, yields still down.
  • Weekly : Bumping against downTL resistance so just bought bunds. No choice but to unwind part of nice UST/Bund spread by default to facilitate. However, will definitely look to re-spread if we see a nice rally in bunds.
  • The UST/Bund spread position is at +10 now. Performing nicely.

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