Simon Fasdal
Simon Fasdal, head of fixed income trading at Saxo Bank, explains why asset managers are buying 10-year German bunds at an all-time low of 4.8 basis points.
Squawk / 17 August 2016 at 5:54 GMT
Partner at 3 C ANALYSIS / 3cAnalysis
United Kingdom
Sep BUNDS - Break through key average points lower
An early rally from the 13 day mvg avg extended slightly further than expected yesterday. But demand proved temporary and limited Tuesday with returning sellers driving Bunds almost a full point lower, through the 13 day mvg avg and forming a 2nd down day in succession. The lows were not entirely held and intraday sentiment is oversold but the close beneath the average leaves our technical studies negative.
There is potential on the downside to 166.66, 166.38 or even 166.13.Levels near 167.12 should attract sellers and only above 167.40 would be assessed as bullish.


The Saxo Bank Group entities each provide execution-only service and access to permitting a person to view and/or use content available on or via the website is not intended to and does not change or expand on this. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Rules of Engagement and (v) Notices applying to and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Bank Group by which access to is gained. Such content is therefore provided as no more than information. In particular no advice is intended to be provided or to be relied on as provided nor endorsed by any Saxo Bank Group entity; nor is it to be construed as solicitation or an incentive provided to subscribe for or sell or purchase any financial instrument. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. As such no Saxo Bank Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on or as a result of the use of the Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Bank Group entity operating in the jurisdiction in which the customer resides and/or with whom the customer opened and maintains his/her trading account. When trading through your contracting Saxo Bank Group entity will be the counterparty to any trading entered into by you. does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of ourtrading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws. Please read our disclaimers:
- Notification on Non-Independent Invetment Research
- Full disclaimer

Check your inbox for a mail from us to fully activate your profile. No mail? Have us re-send your verification mail