EU DEBT LATEST: stop chase and clear out

Somewhat belatedly, but in the aftermath of German and UK auctions Bunds and Gilts witnessed another bout of selling, this time starting on Eurex where stops were triggered on a break of near term support around the 159.40 area (that encompassed Monday’s intraday low). The core bond is now just off a fresh 159.12 base (-76 ticks) and now eyeing the next downside chart level at 159.03. Gilts have fallen to 120.68 (-63 ticks), with support seen at 120.48 (February 27’s Liffe session low). Risk back on flows come amidst very conciliatory talk attributed to North Korea.

(RANsquawk)