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10 Apr 2015
Cross market snapshot - RBS
FXStreet (Guatemala) - Analysts at RBS offered a cross market snapshot.
Key Quotes:
"Bunds: 159.50 may see a correction, but the market remains constructive."
"Treasuries: stay bearish, seeing the first support at 128-07."
"Gilts: range-bound within 120.16 – 121.10."
"Gilts-Bunds: keep the widening trade to 166 bps (entered from 126 bps)."
"Treasuries-Bunds: higher confidence in keeping the widening trade on amid failed H&S (entered from 168 bps to the targets of 209 bps and 229 bps)."
"Oil Brent: seeing downside risks to $42 onto $25 amid monthly bear flag."
Key Quotes:
"Bunds: 159.50 may see a correction, but the market remains constructive."
"Treasuries: stay bearish, seeing the first support at 128-07."
"Gilts: range-bound within 120.16 – 121.10."
"Gilts-Bunds: keep the widening trade to 166 bps (entered from 126 bps)."
"Treasuries-Bunds: higher confidence in keeping the widening trade on amid failed H&S (entered from 168 bps to the targets of 209 bps and 229 bps)."
"Oil Brent: seeing downside risks to $42 onto $25 amid monthly bear flag."