On The Ninth Day

As fear and uncertainty are displayed in the very front of the U.S. curve 10s appears unmoved. So I expect the bunds to be opening around lastnights close.
Ty

Another range bound day yesterday for bunds. With Equities looking heavy and the U.S. still unable to settle their issues the range looks like it could break to the upside. 

bund

Dax

 

€ curve lingering round its low areas, if bunds does break to the upside then I expect significant flattening to occur. Bobl auction today...Could play an interesting part in the days patterns.

 

€ teds...Ft article about penalties for banks recieving ECB aid had a heavy impact on Euribor from the start of the day. As a bizarre credit issues arise in the U.S. these teds continue to drift lower.

 

Real FTQ! ty-bund

Ger Industrial production and bobl auction are the main things this A.M. This evening sees the U.S. 10 year auction and FOMC minutes.

 

Good luck

Lee