24/04/2014

 

Ten year 30min

Largely ignoring the Euro fun today so far.

 

 

Bund 30min

Post Draghi comments (more of his"we have tools and arnt afraid to use them") saw a reversal of Nowotny's more hawkish comments last night coupled with positive IFO - Business climate 111.2 versus 110.5 expected . Brief rally back to 83s before dropping again, if we can get back above it we may see new highs for the week.

Bund 240min

 

€ curve...

Very choppy, light volume making execution risky along with contradictory ecb rhetoric! Bobl is being the main influence today after talk of yesterdays very large swap seller in that area.

 

€ teds

Back end bor doing a remarkable job of holding its correlation to the bonds whilst this down move see some slight strength of the fronts against Schatz.



Durable goods and Initial jobless to make sure todays fun continues.


Lee