CREDIT RATING: Stellantis (STLA Baa2/BBB/BBB): Moody’s Downgrade
May-09 10:25
"Moody's Ratings downgrades Stellantis' rating to Baa2, changes outlook to stable from negative" - M...
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EGB OPTIONS: Bund put spread
Apr-09 10:23
RXM5 129.5/127.5ps 1x2, bought for 7 in 2k.
AUD: Leading gains in G10s
Apr-09 10:16
- After printing a new 5yr low Overnight, the AUDUSD is still recovering, the Aussie is the early best performer within G10s against the Dollar, up 0.94%.
- Yesterday's high is situated at 0.6085, so far printed a 0.6029 high.
US 10YR FUTURE TECHS: (M5) Monitoring Trendline Support
Apr-09 10:11
- RES 4: 114-10 High Apr 7 and the bull trigger
- RES 3: 113-09+ 76.4% retracement of the Apr 7 - 9 sell-off
- RES 2: 112-21+ 61.8% retracement of the Apr 7 - 9 sell-off
- RES 1: 112-08 High Apr 7
- PRICE: 110-23 @ 11:01 BST Apr 9
- SUP 1: 110-01 Intraday low
- SUP 2: 109-29 Trendline support drawn from the Jan 13 low
- SUP 3: 109-13+ Low Feb 24
- SUP 4: 108-26+ 76.4% of the Jan 13 - Apr 7 bull cycle
A sharp sell-off in Treasury futures this week has resulted in a breach of both the 20- and 50-day EMAs. Attention is on trendline support at 109-29, drawn from the Jan 13 low. A clear break of this support would strengthen a bearish threat. Note that the steep sell-off could still be a corrective pullback that has allowed an oversold trend condition to unwind. Initial resistance to watch is 112-08, yesterday’s high. A break would highlight a possible early reversal.
