The greenback is marginally decrease on the day however it comes after a slight advance yesterday. Bond sellers have been at it once more after the weekly jobless claims information however there have been additionally robust bids coming by amid some threat aversion in broader markets. There nonetheless appears to be some pushing and pulling at play for now.
10-year Treasury yields are down one other 3.6 bps to 4.226% at present, although US futures are retaining calmer with S&P 500 futures flattish. That’s nonetheless leaving lots to be desired as we transfer in the direction of European buying and selling.
If anything, I would proceed keeping track of the bond market however contemplating the response to the US information yesterday, I might say bond sellers are nonetheless very a lot within the image for now. And so they’re attempting to find a catalyst of types. We cannot get that in Europe as we speak and there is not a lot by way of US information as nicely later.
As such, it could possibly be a reasonably blended and tamer finish to the week earlier than we get to key US information and the ECB coverage assembly determination subsequent week.
0600 GMT – Germany August closing CPI figures
That is all for the session forward. I want you all the perfect of days to come back and good luck along with your buying and selling! Keep protected on the market.
