Fixed Income: bears picking off levels

As the risk-on momentum gathers even more pace into the US session, bond sellers are squeezing more intraday and short term longs out, as Bunds and Gilts hit deeper session lows and breach more downside tech levels. The former slipped through 159.00 to 158.89 (-99 ticks) and the latter to 120.53 (-78 ticks), with the next bearish chart objectives seen at 158.68 and 120.48, though again when something more fundamental or breaking hits resistance can be futile and support often non-existent.