German 2Y-10Y Curve Tests Above Key Technical Level at 69bps
Source: BFW (Bloomberg First Word)
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(Bloomberg) -- Bund 2s10s breaking above its 200-DMA at 69bps as steepening momentum extends; moving average has served as a good pivot level since mid-2015, Bloomberg technical analyst Sejul Gokal writes.
Alert: HALISTER1- See LIVE chart here
- Next steepening resistance at 73/74bps (Brexit-day high, 14- mo. downtrend) and then 80bps (April high)
- Bund 2s10s currently at 69bps vs 66/70bps range
- NOTE: Sejul Gokal is an technical strategist who writes for Bloomberg. The observations he makes are his own and are not intended as investment advice.
Source: BFW (Bloomberg First Word)
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UUID: 7947283