-2,500 TYM5 111-23.5 (+16.5), sale through 111-24 post time bid at 0701:41ET, DV01 $158,000. The 10Y contract trades 111-24 last.
OUTLOOK: Price Signal Summary - Trendline Resistance In Gilts Remains Exposed
Apr-01 11:21
In the FI space, Bund futures remain firm for now. Recent gains are considered corrective, however, the breach of the 20-day EMA and a print above resistance at 129.41, the Jan 14 low, strengthens a bullish theme and opens the 130.00 handle and 130.26, the 61.8% retracement of the Feb 28 - Mar 11 bear leg. Key short-term support to watch lies at 127.74, the Mar 25 low. Clearance of this level would highlight a reversal.
The short-term trend outlook in Gilt futures remains bearish, however, recent gains highlight a corrective bounce and this signals scope for a stronger recovery near-term. Sights are on 92.49, a trendline resistance drawn from the Mar 4 high. Clearance of this level would strengthen the short-term bull cycle and open 93.01, the Mar 20 high. Key support and the bear trigger has been defined at 90.55, the Mar 27 low.
EUR: FX Exchange traded Option
Apr-01 11:17
EURUSD (4th April) 1.0550p, sold at 0.00010 in 1k.