Good morning America

After a brief rally from the Eurex open bonds have drifted back to lows (Think UK PMI may have influenced this mornings markets 60.2 vs 57.1) Gilt sell off weighed on bunds and U.S.10 year

ten year

U.S curve, small buying 2s10s, may add if we break 13s with any momentum.

 

Eurodollar curve, I see nice support areas here in the 14s to 15s spreads. If tens break lower I may start putting on some steepeners.

 

U.S. teds

 

3pm ISM Non Manufacturing PMI only thing out this afternoon.

 

L