HALISTER1: Gilt-Bund 10Y Spread Flirts With 200-DMA at 107 Bps After ECB

Gilt-Bund 10Y Spread Flirts With 200-DMA at 107 Bps After ECB

(Bloomberg) -- Relative underperformance of gilts vs bunds continues with spread widening briefly past 200-DMA at 107bps; only a close above here would put in place fresh widening momentum to 118bps Fibonacci hurdle and head-and-shoulders measured target, Bloomberg technical analyst Sejul Gokal writes.
  • See chart here
  • Spread, now at 107bps vs 109bps wide
  • Any material narrowing back below level today could trigger further tactical spread compression to unwind overbought conditions; support at 101bps, 98bps and 93bps
  • Oct. 10: Relative underperformance of gilts vs bunds may extend
  • 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)

Tickers
2539Z GR (European Central Bank)

To de-activate this alert, click here

UUID: 7947283