Technical analysis: Euro-Bund Future

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Euro−Bund future –Dec 2008
Mon, Sep 15 2008, 07:59 GMT
by Nicole Elliott
Mizuho Corporate Bank
Comment: The rush into TBills and two-year TNotes is understandable, and we continue to feel Libor’s spread over these should be a lot wider. Perhaps it is a question of ‘shadenfreude’ but the way Bund yields are lagging so badly behind US ones is quite alarming. We feel German ten-year Bund yields should drop quickly to 3.75%, maybe 3.50%, where some consolidation is due. Then a lot lower still. This month Bund futures should rally, our medium term measured target at 117.70/118.00, one standard deviation from the mean of the last decade.
Strategy: Buy at 115.40, adding to 114.00; stop below 113.20. Add to longs on a daily close above 115.50 for 116.00/116.45, eventually 117.70/118.00 and 122.00 very long term.
Published on
Mon, Sep 15 2008, 08:01 GMT
Archive
- Euro-Bund future – March 2010
Published On Mon, Feb 8 2010, 09:18 GMT
- Euro-Bund future – March 2010
Published On Mon, Feb 1 2010, 09:04 GMT
- Euro-Bund future – March 2010
Published On Mon, Jan 25 2010, 08:44 GMT
- Euro-Bund future – March 2010
Published On Mon, Jan 18 2010, 08:31 GMT
- Euro-Bund future – March 2010
Published On Mon, Jan 11 2010, 08:52 GMT
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Mizuho Corporate Bank
| 1-3-3, Marunouchi, Chiyoda-ku, Tokyo 100-8210
http://www.mizuho-cb.co.uk | Nicole.Elliot@mhcb.co.uk
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