Technical analysis: Euro-Bund Future

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Euro−Bund future –Dec 2008
Wed, Sep 24 2008, 08:51 GMT
by Nicole Elliott
Mizuho Corporate Bank
Comment: When US TBills carry a negative yield you know you are in big trouble. The dollar interbank market is a joke but Euro Libors are a true reflection of the current cost of money although yielding a good 100 basis points over TBills. We feel the spread between German and US two-year TNotes should narrow. The Bund future pulled back more sharply than anticipated from the pivotal 3.75% yield. It should now form an interim base against retracement and Ichimoku ‘cloud’ support around 113.00. We favour another rally next month, our medium term measured target at 117.70/118.00, one standard deviation from the mean of the last decade.
Strategy: Buy at 113.75; stop below 112.00. Add to longs on a daily close above 114.50 for 115.50, then 116.00/116.45, eventually 117.70/118.00 and 122.00 very long term.
Published on
Wed, Sep 24 2008, 08:57 GMT
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- Euro-Bund future –Dec 2009
Published On Mon, Nov 23 2009, 08:44 GMT
- Euro-Bund future –Dec 2009
Published On Mon, Nov 16 2009, 08:39 GMT
- Euro-Bund future –Dec 2009
Published On Mon, Nov 9 2009, 08:47 GMT
- Euro-Bund future – Dec 2009
Published On Mon, Nov 2 2009, 08:38 GMT
- Euro-Bund future – Dec 2009
Published On Tue, Oct 27 2009, 11:47 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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