Bonds pretty much reversed all of mondays down move so I guess we can fill the bund gap nice and early this am without too much trouble.
With U.S. 10s ~3% we saw a very good note auction that probably underpinned the bonds drift higher.
Once gap filled we have NFP high to consider in bunds as with yesterday no new news drivers so its just play the big picture range til FOMC.
Big picture on curve is still steepening trend for me but shorter term has turned in line with the long end drift higher.
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