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RATES: Italian Bond Futures to Rise Further, UBS Says

Dec. 18 (Bloomberg) -- Italian 10Y bond futures are set to extend gains after closing above a key level of resistance, UBS technical strategist Richard Adcock wrote in a client note today.

* Contract expiring in March 2013 closed 0.2% higher at 109.93

yday, above the 62% retracement of December sell-off, based

on UBS’s Fibonacci analysis * Adcock: “looking for continued upside to break above the

111.50 December high and onto the 114.73 extension level” * Bloomberg Story Link:NSN MF8CBR6K50XV<GO>

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