HALISTER1: German 10Y Bund Yield Breaching Uptrend From September at 0.21%

German 10Y Bund Yield Breaching Uptrend From September at 0.21%

(Bloomberg) -- German 10y bund yield breaching up-trendline (0.21%) from late September, which could warn of further corrective action; important gap window at 0.20%-0.22% also being eroded, Bloomberg technical analyst Sejul Gokal writes.
  • See chart; now -4bps to 0.20%
  • Resistance at 0.18% and 0.16%
  • European stocks lower, with banking sector leading losses spurred by yield curve flattening
  • 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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