US 10YR FUTURE TECHS: (M5) Resumes Its Uptrend
Apr-03 10:40
- RES 4: 113-26+ 2.000 proj of the Jan 13 - Feb 7 - Feb 12 price swing
- RES 3: 113-23 76.4% of the Sep 11 ‘24 - Jan 13 bear cycle (cont)
- RES 2: 113-05 1.764 proj of the Jan 13 - Feb 7 - Feb 12 price swing
- RES 1: 112-24+ Intraday high
- PRICE: 112-17 @ 11:29 BST Apr 3
- SUP 1: 111-17+/110-28+ High MAr 20 / 20-day EMA
- SUP 2: 110-12+ 50-day EMA
- SUP 3: 110-06 Low Mar 27
- SUP 4: 110-00 High Feb 7 and a key support
Treasury futures have traded sharply higher today and in the process confirmed a clear break of resistance at 112-01, the Mar 4 high. The break confirms a resumption of the uptrend that started mid-January. The move higher sets the scene for an extension towards 113-05, a Fibonacci projection point, and 113-23, a Fibonacci retracement on the continuation chart. Initial firm support lies at 110-28+, the 20-day EMA.
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BELGIUM T-BILL AUCTION RESULTS: TC Results
Mar-04 10:38
| Type | Short TC | Medium TC | Long TC |
| Maturity | Jul 10, 2025 | Sep 11, 2025 | Feb 12, 2026 |
| Amount | E808mln | E845mln | E1.018bln |
| Target | E2.4-2.8bln | Shared | Shared |
| Previous | E777mln | E1.003bln | E1.789bln |
| Avg yield | 2.314% | 2.260% | 2.192% |
| Previous | 2.409% | 2.319% | 2.221% |
| Bid-to-cover | 2.63x | 2.64x | 2.47x |
| Previous | 2.24x | 1.51x | 1.7x |
| Previous date | Feb 11, 2025 | Feb 04, 2025 | Feb 11, 2025 |
EQUITIES: Longer Dated BNP Option
Mar-04 10:37
BNP (17/12/27) 60p, sold at 8.82 in 2k.
GERMAN AUCTION RESULTS: 2.40% Apr-30 Bobl
Mar-04 10:32
| 2.40% Apr-30 Bobl | Previous | |
| ISIN | DE000BU25042 | |
| Total sold | E4.5bln | E5bln |
| Allotted | E3.505bln | E3.777bln |
| Avg yield | 2.15% | 2.17% |
| Bid-to-offer | 1.32x | 1.48x |
| Bid-to-cover | 1.69x | 1.96x |
| Average Price | 101.19 | 101.09 |
| Low acc. Price | 101.18 | 101.08 |
| Pre-auction mid | 101.170 | 101.066 |
| Previous date | 11-Feb-25 |
