German Bund 10y going towards 3%
I think the current buoyancy on long duration eu core gov bonds is deceptive.
rates in europe are way to low due to current macro environment, inflation still high, prices of gas and oil sets for higher levels in coming months ECB still in hawkish mode.
rsi is also on the rise above its mean.
probably this development will require 2 steps for the yield to reach 3% level. first stop is 2.55% / 2.6% that is a strong resistance so, some form of consolidation, then a breakout to 3%
rates in europe are way to low due to current macro environment, inflation still high, prices of gas and oil sets for higher levels in coming months ECB still in hawkish mode.
rsi is also on the rise above its mean.
probably this development will require 2 steps for the yield to reach 3% level. first stop is 2.55% / 2.6% that is a strong resistance so, some form of consolidation, then a breakout to 3%
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.