IFR: Bund bounce second strongest since latest leg of sell-off began in March

With Bunds bouncing as much as 1 1/3 points from Friday’s settle while stocks are reeling while we among others maintain a defensive stance, it’s worth taking a look at levels to consider selling. To do so, we’ve gone through the history of the current sell-off which began in early March to find comparable rallies.

The market has bounced only 9 times out of 34 sessions since it first started trading lower on March 7. On average, it has done so by almost 73 ticks. With the market currently up 96 ticks from Friday’s settle, today’s bounce ranks as the second biggest over this time; the honours for first go to March 31 when the market jumped an even 1.5 points...