Bund 30 min, 3 to 4 day consolidation period in full swing. Ties up nicely with tomorrow nights FOMC. We are currently sitting in the middle of range although short term momentum has turned slightly bearish.
Turkish Central bank announced am emergency meeting for midnight tonight. This took the wind out of the FTQ bund bid pretty much instantly yesterday.....We were looking a bit lethargic in our assent and with FOMC likely to do a further $10bln taper tomorrow night this seemed a decent time for taking profit (NOT IN MY CASE(pretty much avoided that position this year so far!)).
With this up move stalling the curve spreads in € bonds are showing signs of minor correction. Could possibly dip toe in here, certainly an obvious cheap stop to be had.
€curve
$curve
These are very mid range, sit on hands for me.
€Teds
Reflecting the directional sentiment of bunds....Small rest from the weakening bor over bond spread.
Eyes on UK GDP today.
Gilts
Good luck
Lee
No comments:
Post a Comment