BTP ALERT: Yield Below August Lows, Testing Medium-Term Support
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
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UUID: 7947283
(Bloomberg) -- BTP yield is slicing through the 1.97% August low and challenging the 55-week average line at 1.96%. See live chart here.
- Italy 10y yield -10bps to 1.93%
- Yield has recently broken down below its important long-term support line at 2.06% which has fueled some bear capitulation
- NOTE: Aug. 31, BTP Yield Slips Below Key Support That Held 12 Times in August
- Italy-Germany 10y yield spread -5bps to 163bps, contracts to two-week lows; support at 161bps and 158bps
- NOTE: Sejul Gokal is a FICC technical strategist who writes for Bloomberg. The observations he makes are his own and are not intended as investment advice
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283