Softer than expected NFP took most of my holiday bond down move back.
SnP didnt really care as it continued to drive onwards and upwards after a slight blip. This makes me feel that bond strength will be temporary giving a good opportunity to put on curve steepeners. Tho will be cautious the longer we stay above 142.66 area in the bund.
I'm flat right now in stirs tho do have a an obvious steep bias to my view. I won't be buying offers in spreads tho. Still need to find value areas.
eu teds
PMI services the main focus this morning although I'm sure the Non Farm aftermath will take precedent.
Good Luck all
L
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