15/10/2013

Positive signs coming from Washington lead to safe haven trades being taken off. S&P heads for the moon.
Mini S&P

On thin volume U.S. treasuries head lower. Support found at 125.215 in the 10s. We have drifted slightly higher since Eurex closed by 3/4 ticks. The sentiment remains tho so I expect bunds to open low 40s and look for lower.

Bunds

€ curve, moar steepening.

€ teds Showed great strength yesterday afternoon in thin markets Euribor had no interest as the bonds headed lower.

ZEW main European focus today.

Good luck

Lee