TYA 240min
Plenty of data out this week, Chinese rate cuts and Draghi talking even more dovish(if thats possible) so I anticipate plenty to risk to being short bonds.
Bund 240min
Continuing to flatten, even during last Wednesdays Bund sell off, to be fair there is very little the Schatz and Bobl can do to the upside.
BTP-Bund spread continuing to push upwards despite higher Bund prices....Draghi comments are filling the periph with anticipation of full retard QE. I don't see any new measures this year, we'll have to wait till we see the take up of the Dec TLTRO before real talk of next step can be considered. We still have the prospect of dropping the first "T" before outright sovereign purchases.
Good luck
L
No comments:
Post a Comment