The German 10-year bond (“Bund”), which is regarded as safe-have in the European bond markets universe and is the main interest-rate benchmark for the whole Eurozone area, is currently marking all time highs. In case of a retreat from here, the October 15 spike high @ 152,50 will offer some short-term support, before 152, 151,50 and 151 offer dip buyers a second chance to enter this bull market move. Dovish ECB rhetoric on interest rates and slow economic growth in the Eurozone area provide Bund with fundamental support, too.
German 10-year Bund, daily candlechart:
Chart courtesy of investing.com. http://investing.com
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