HALISTER1: Bund Yield Breakout Shifts Spotlight on 58bps Fibonacci Level

Bund Yield Breakout Shifts Spotlight on 58bps Fibonacci Level

(Bloomberg) -- German bund yield, near the highest in a year, is set to probe the medium-term Fibonacci level at 58bps where fresh consolidation activity may ensue, Bloomberg technical analyst Sejul Gokal writes.
  • See chart here; yield now +3bps to 48bps
  • Bund yield has seen an important breakout above the weekly ichimoku cloud which introduces notion of a higher yield environment in the medium-term
  • Near-term support seen at 42-41bps and 36bps
  • NOTE: Jan. 3, German 10Y Bund Yield Initiating New Leg Up Against Key Support
  • NOTE: Sejul Gokal is a 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)

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2539Z GR (European Central Bank)

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