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 / 27 July 2016 at 6:01 GMT
Partner at 3 C ANALYSIS / 3cAnalysis
United Kingdom
Sep Bunds - Testing Key Average
Bunds opened on a positive gap yesterday and traded to within 4 tics of our daily target, but also our weekly sell rally trigger. Failure to maintain levels beyond 167.00 then led to a turn in investor sentiment with prices slipping back to the 13 day mvg avg which is currently acting as a pivot rather than a trend indicator. Failure to break that point means that signals for sentiment cannot be strong but with negative divergence a background factor we look for a more serious downside attempt.
Upside rallies near 166.91 should attract sellers. On the downside we target 166.42, 166.16 and 166.01 and only above 167.17 is positive.
27 July
AlanCollins AlanCollins
166.42 target met pretty quickly. we now look to sell any 166.67 rally with a stop at 166.94


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