Back
4 Jun 2015
Start looking for a top in Bund yields – BAML
FXStreet (Barcelona) - MacNeil Curry, CFA, CMT, Technical Strategist at BofA-Merrill Lynch, expects the 85.5bps/89.9bps zone to limit the topside for bunds.
Key Quotes
“While the Bund sell-off of the past two days has been nothing short of extraordinary, it is time to start looking for a yield top; particularly as daily momentum has not confirmed the push to new highs.”
“Indeed, the confluence of support and measured moves in the 85.5bps/89.9bps zone should limit the topside, before a corrective pullback and renewed choppy range-bound activity back into the 79.3bps/47.2bps range.”
Key Quotes
“While the Bund sell-off of the past two days has been nothing short of extraordinary, it is time to start looking for a yield top; particularly as daily momentum has not confirmed the push to new highs.”
“Indeed, the confluence of support and measured moves in the 85.5bps/89.9bps zone should limit the topside, before a corrective pullback and renewed choppy range-bound activity back into the 79.3bps/47.2bps range.”