US 10YR FUTURE TECHS: (U5) Holds Firm
Aug-06 11:49
- RES 4: 113-23 76.4% retracement of the Sep’24 - Jan’25 sell-off
- RES 3: 113-07 76.4% retracement of the Apr 7 - 11 sell-off
- RES 2: 112-23 High May 1
- RES 1: 112-15+ High Aug 5
- PRICE: 112-03+ @ 12:47 BST Aug 6
- SUP 1: 110-19+/08+ Low Jul 24 / Low Jul 14 & 16
- SUP 2: 110-03 76.4% retracement of the May 22 - Jul 1 bull leg
- SUP 3: 109-28 Low Jun 6 and 11
- SUP 4: 109.25 Low May 27
Treasury futures remain strong on the back of the post-NFP rally having cleared resistance into the bull trigger at 112-12+, the Jul 1 high. This opens the May 1 high for direction at 112-23, a multi-month high. Clearance here opens retracement levels layered between 113-07 and 113-23. On the downside, key support is 110-08+, the Jul 14 and 16 low. First support lies at 110-19+, the Jul 24 low.
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EUR: EURGBP Targets the immediate support.
Jul-07 11:45
- The EUR is mostly mixed against G10s, the Stokkie is still the best performer following the rise in Inflation for Sweden.
- The Kiwi sits at the other end, down 0.56% but off its worst earlier levels, after EURNZD rallied to its highest level since mid April heading into the European session.
- EURGBP targets the next immediate support at 0.8606, this was last Thursday's low.
- A clear break through the figure would challenge 0.8550/0.8503 20- and 50-day EMA values, but given that the main focus is on Tariffs this Week, some of the momentum could be somewhat more contained.
PIPELINE: Early Corporate Bond Roundup: IADB, Shinhan, Nissan Motors on Tap
Jul-07 11:44
- Date $MM Issuer (Priced *, Launch #)
- 07/07 $Benchmark IADB 10Y
- 07/07 $Benchmark Nissan Motor 5Y 7.25%a, 7Y 7.75%a, 10Y 8%a
- 07/07 $Benchmark Shinhan Financial 5Y +63
- 07/07 $Benchmark NTT Finance Corp multi tranche investor calls: 2Y, 3Y fix/SOFR, 5Y fix/SOFR, 7Y, 10Y, 12Y -- in addition to EUR issuance 2Y, -4Y, 8Y and 12Y
EURIBOR OPTIONS: Call Spread buyer
Jul-07 11:40
ERU5 98.25/98.37cs, bought for 0.75 and 1 in 4k.
