Morning all, Ben kept it tight yesterday. So me thinks market is taking back in taper talk for now.
All set for a range bound summer #sitonhandsabit
10 yr
€ curves I see flattening as the trend at the mo, but think we are near the bottom. Although 5s10s could go a little more.
€ teds, These moving back into middle of range after consolidating recent down trend. Keeping any trades small here. Euribor ripe for big boy bully tactics in the summer market conditions.
UK retail sales and some Spanish 3s 5s and 10s auctions are the main things to keep an eye on today.
Afternoon has the usual Thursday Initial Jobless and later on if you're still here Philly fed.
Good luck
L
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