We think that the bond markets has erased the expectations of a June tightening and we can reasonably expect interest rate will stay on hold until after the US election in November.
The support line are 1.70% that represent a multi-line support for this year. Then other supports are placed at 1.61%, 1.54%, and 1.39%.
The support line are 1.70% that represent a multi-line support for this year. Then other supports are placed at 1.61%, 1.54%, and 1.39%.
