Thin overnight sell off in bonds as Syria attack been temporarily put off. Could see the Bunds into the 140.20s early on. I think Eurex rollover takes precident early part of this week. Although there are a couple of ECB speakers this morning Labor day means could be thin and lacking in action this afternoon.

 

 

€ curves, I'll be looking at steepeners whilst bunds are below 140.95 in bonds but with one eye on the middle east.

In stirs however, rates lower for longer in my head. I think the 14s vs 15s have been dragged higher by U.S. rate expectations most of the summer and could be a little steep. May look at putting flatteners on.

 

Eu PMI's out this am. As its Labor day could be quiet...

Good Luck

 

L