BUND TECHS: (Z5) Breaches Resistance
- RES 4: 129.66 High Jul 22
- RES 3: 129.50 High Aug 5 and a key resistance
- RES 2: 129.31 High Aug 6
- RES 1: 129.20 Intraday high
- PRICE: 129.02 @ 14:55 BST Sep 5
- SUP 1: 128.25 Low Sep 4
- SUP 2: 127.61 Low Sep 3 and the bear trigger
- SUP 3: 127.46 1.00 proj of the Aug 14 - 15 - 28 price swing
- SUP 4: 127.13 1.236 proj of the Aug 14 - 15 - 28 price swing
Bund futures have rallied sharply higher today and this has resulted in a break of resistance at 128.87, the Aug 28 high and short-term bull trigger. The climb undermines a recent bearish theme and highlights a stronger reversal. Price has moved through the 129.00 handle, signalling scope for a climb towards 129.50, the Aug 5 high. Key support and the bear trigger has been defined at 127.61, the Sep 3 low.
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
PIPELINE: Corporate Bond Update: Expanded List
- Date $MM Issuer (Priced *, Launch #)
- 08/06 $Benchmark BMW US 2Y +80a, 2Y SOFR, 5Y +105a, 10Y +125a
- 08/06 $Benchmark Oneok 7Y +130a, 10Y +140a, 30Y +175a
- 08/06 $700M Match Group 8NC3
- 08/06 $500M PPL Electric WNG 30Y +105
- 08/06 $Benchmark Extra Space Storage +7Y +130a
- 08/06 $Benchmark American Water Capital 30Y +120a
- 08/06 $Benchmark PetSmart 7NC3, 8NC3 investor calls
SOFR OPTIONS: Morning Update: Continued Call Buying, Underlying Pares Losses
Underlying SOFR futures paring losses, White pack mostly steady now. In turn, projected rate cut pricing gaining vs. morning (*) levels: Sep'25 at -23.4bp (-22.6bp), Oct'25 at -38.9bp (-38.4bp), Dec'25 at -58.8bp (-58.3bp), Jan'26 at -70.4bp (-68.9bp).
- +3,000 SFRV5 96.31/96.43/96.50 broken call flys, 2.62 ref 96.255
- +5,000 SFRU5 96.12/96.25 call spds, 1.25 ref 95.935
- -2,000 SFRZ5 96.00/96.68 strangles, 11.5 ref 96.25
- +4,000 SFRX5 96.25/96.37/96.50/96.62 call condors .25 over SFRZ5 95.62/95.857 put spd
- Update, over +10,000 SFRZ5 96.56/96.68/96.75 1x3x2 broken call flys, 0.5
TARIFFS: Trump to Impose Additional 25% Tariff on India
President Donald Trump has signed an Executive Order imposing an additional 25% tariff on India in response to its continued purchase of Russian oil. Full White House statement here.
- USDINR 1-month NDFs spike higher on the headlines, but remain below the overnight highs for now.
