HALISTER1: Portugal 10-Yr Yield Staging Breakout, Sustaining Above 200-WMA

Portugal 10-Yr Yield Staging Breakout, Sustaining Above 200-WMA

(Bloomberg) -- Portugal 10-year yield climbs above 4%, first time since February and is poised to close this week firmly above the key 200-week MA, at 3.79%, for the first time since 2012, Bloomberg technical analyst Sejul Gokal writes.
  • See LIVE chart
  • PGB yield breaking past the 3.94-3.96% resistance area which if sustained into end of week can herald a higher yield environment near-term
  • Next yield resistance seen at 4.09% (76.4% Fibonacci), then 4.39% (55-Month MA) and 4.53% (Feb. high)
  • PGB-Bund spread touches 372bps, widest since day of Brexit vote result, when it hit 382bps
  • 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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1174Z PL (Portuguese Republic)

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