BONDS: Heavy Round Of Buying Following Trump Truth Social Post
Oct-21 13:26
Heavy round of buying going through in core FI futures after US President Trump posted the possibility of bringing strong forces into Gaza via Truth Social. Equities have also faded from their highs following the Truth Post.
Bund is making another attempt at the small initial resistance of 130.18. As noted at the Bund Cash Open, the next resistance would be at 130.63 1.500 proj of the Sep 3 - 10 - 25 price swing.
US Tnotes sees the next upside area of interest at 114.08 (3.90% Yield).