European Union bonds take a hit after MSCI index exclusion By Reuters
- EU Bond Inclusion Rejection: MSCI decided not to include EU debt in its government bond indexes, disappointing EU officials who sought equal treatment with states.
- Market Reaction: EU's borrowing costs rose as investors reacted to MSCI's decision, pushing 10-year and 30-year bond yields higher initially.
- Investor Sentiment: Despite the setback, EU bonds remain attractive due to top Triple A ratings, potentially becoming more appealing with any cheapening.
- Future Implications: Uncertainty remains on how other index providers like Bloomberg and iBoxx will respond to MSCI's decision.
- Fiscal Integration Concerns: The EU faces challenges regarding index inclusion due to temporary pandemic borrowing programs and potential opposition to further fiscal integration efforts.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
About the author
