You have just left the Barclays Stockbrokers environment.
Do not give out your Barclays Stockbrokers login and password.

Barclays uses cookies on this website. They help us to know a little bit about you and how you use our website, which improves the browsing experience and marketing - both for you and for others. They are stored locally on your computer or mobile device. To accept cookies, continue to use the website. Alternatively, go to the cookies policy for more information on how to disable cookies.

Acknowledge and close this message.

Analysis & Comment:  


Once again, the US 10 year Bond Yield has been knocked back by sideways resistance near 2.8% during the week.  Valuations have drifted back to support at another lateral region around 2.6%.  Note also that that platform is reinforced by the presence of the 200-day moving average.  Should it ultimately crumble, however, the overall pattern would look increasingly top heavy; and a further slide towards the next chart support at the late-2013 floor printed at 2.4691%.


Weekly Comment:


Government Bond Futures 


US - The 5 year Treasury Note reaffirmed support along 118.5 by plotting an upward dynamic on 4 April.  The ensuing recovery has the instrument pointing back towards resistance at the 200-day moving average.


UK - The sideways area along 109 produced a bounce over the course of the week.  Although the rebound has delayed lower levels towards the floor near 106, a sustained clearance of the barrier around 111 is required to further improve the outlook for UK Gilt futures.

Europe - The Euro 30 year Buxl instrument broke above a multi-month base formation earlier in the year.  Since then, the item has ranged sideways, in response to the overbought RSI back then, although a new high was hit during this phase, near 130.  That level is actually close to a long-term lateral region, dating back to mid-2011, and is holding up the advance.  Still, a breach of support along 126 is needed to further delay an upside breakout.

Asia - Australian 10 year Bond futures failed to maintain the nudge beneath the sideways area along 95.80.  This has led to a 'bear trap' recovery by the instrument.  Important resistance is at the February/March ceiling near 96.10.

Central Bank Action 


The Bank of England has left rates at record lows again today, at 0.5%.