After Wednesdays ECB late show on Greek debt the bond markets had every opportunity to go push for new highs. It didn't, so there's a good chance that the upside is a little exhausted. Its Non Farm Friday today so all action will be subdued beforehand, unsettling volatility during and pointlessly dull after.
We may see something interesting from the LTRO release this morning given whats been occurring in Greece but I think we've seen the worst of that theme at least until the Euro gang all meet next week.
Yesterdays Euro stirs & German bond net change.
Mini SnP
EU6 cme eurodollar fx future
EuroStoxx
Bund
€curve Long term trend for flattening being questioned just now. short term reversal in play but US non farm to dictate today's behaviour. We could just see some range bound stuff till participants start to look towards March and the ECB QE program.
€Ted Watch for LTRO this morning. I think we've seen the worst of capital flight from Greece panic for now which should halt the trend for lower.
Good Luck
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