Type | 52-week GTB |
Maturity | Jun 5, 2026 |
Amount | E500mln |
Target | E500mln |
Previous | E500mln |
Avg yield | 1.84% |
Previous | 2.15% |
Bid-to-cover | 1.71x |
Previous | 1.87x |
Previous date | Mar 05, 2025 |
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(Chart source: MNI/Bloomberg).
A medium-term bearish trend in WTI futures remains intact and last week’s sell-off reinforces this theme. The move down signals the end of the correction between Apr 9 - 23. Gold is trading closer to its recent lows and a corrective cycle remains in play for now. The yellow metal has breached the 20-day EMA. A continuation lower would highlight a deeper retracement and open the 50-day EMA, at 3115.11.