HALISTER1: U.K. 2/10 Curve May Test 63bps as Bear Steepening Momentum Soars

U.K. 2/10 Curve May Test 63bps as Bear Steepening Momentum Soars

(Bloomberg) -- U.K. 2s10s spread may move toward 55-DMA at 59bps before approaching stronger resistance at 63bps; daily steepening momentum is strong on MACD terms with histogram testing a 15-mo. high, Bloomberg technical analyst Sejul Gokal writes.
  • See chart
  • MACD rising from deep oversold area and spread to signal expands to highest level since May 2015
  • NOTE: Aug. 22, U.K. 2/10 Curve Gathering Steepening Momentum, May Test 51bps
  • NOTE: Aug. 10, Gilts 2s10s Narrowing Phase May Abate Near 34-29BPs Area
  • 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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