HALISTER1: Portugal 10-Yr Bond Tests Triple Moving-Avg. Hurdle as DBRS Eyed

Portugal 10-Yr Bond Tests Triple Moving-Avg. Hurdle as DBRS Eyed

(Bloomberg) -- PGB 10-year yield at 3.18% testing strong confluence of resistances at 3.17%-3.14%, where three key moving averages converge, Bloomberg technical analyst Sejul Gokal writes.
  • See LIVE chart
  • Official DBRS rating decision expected after European market close
  • Any Portugal rating downgrade by DBRS would make PGBs ineligible for ECB QE
  • NOTE: Portugal Bonds Rally After Comments From PM on DBRS Rating: MORE
  • 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
1174Z PL (Portuguese Republic)

To de-activate this alert, click here

UUID: 7947283