The Euro-Bund March 2011 Future is the Futures contract on the 10-year Bond issued by the Federal Republic of Germany. The Bund has evolved into an uptrend until late August, when it heavily corrected. This movement has corrected 38% of the rise initiate in June 2009 and the 200-day moving average was rapidly broken, indicating an excess. These two elements are price supports. The moving average is still bullish, and a recovery is possible. .....
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Day By Day – Indipendent Research
| Close price | 124.98 |
| 2 months Opinion | BULLISH |
| 2 weeks Opinion | POSITIVE |
| Resistances | 126,6 / 128,08 pts |
| Supports | 124,4 / 123 pts |
Anticipation :
The last few days have allowed the Bund to draw a short-term pattern called an “island reversal”. This pattern frequently indicates an end to a decline. So we are targeting a return towards the old support zone, now a resistance at 126.6. The invalidation of this scenario is below 124.
| Traker’s Name | Leverage | Expense ratio |
| AMUNDI ETF GOVT BOND EUROMTS BROAD 7-10 | x1 | 0,14% |
| iShares x1 € Government Bond 7-10 | x1 | 0,20% |
| JPMORGAN ETF GBI EMU 7-10Y | x1 | 0,15% |
| Lyxor ETF EuroMTS 7-10Y | x1 | 0,17% |
* A leverage of 1 means that the ETF/Tracker has the same performance as the underlying index. A leverage of 2 indicates that the ETF/Tracker will have twice the performance of the underlying index. A leverage of -1 indicates that the ETF/Tracker will perform opposite that of the index: it will rise while the index falls, and vice versa.
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Source: ETFWorld – Day By Day – Indipendent Research
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