MNI EXCLUSIVE: MNI: EU Paper Flags Savings From Rolling Over NGEU Debt
Nov-13 11:21
A European Parliament Budget Committee paper examines the debt costs of the EU's NGEU programme.- On MNI Policy MainWire now, for more details please contact sales@marketnews.com
OUTLOOK: Price Signal Summary - Key Bund Support Remains Exposed
Oct-14 11:16
In the FI space, a bearish theme in Bund futures remains intact and price continues to trade below both the 20- and 50-day EMAs. Attention is on the next key support at 132.65, the Sep 2 low. Clearance of this level would strengthen a bearish theme and highlight a stronger reversal. Initial firm resistance is at 134.09, the 20-day EMA.
A bear threat in Gilt futures remains present and the recent impulsive sell-off reinforces a bearish theme. The contract has traded through support at 98.11, the Sep 2 low and a bear trigger. The break strengthens the downtrend, signalling scope for a deeper retracement. The 96.00 handle has now given way, exposing the 2.0% 10-dma envelope line at 95.35. Initial firm resistance is seen at 98.11, the Sep 2 low. First resistance is at 96.93, the Oct 7 high.