06/01/2015

Peaceful start to the week on bonds & stirs. I think its a case of balancing the low volume rally. No real conviction to make a new high although the general underlying bid tone prevented any significant move lower.

TY 240min

30 min

Bund 240 min

Plenty of room for a move lower without breaking the up trend. Just looking for a break of yesterdays range one way or the other for todays action.

bund 30 min

€ curve

With Bobl now ~ 0% action in 2s5s is rather muted. 

Teds

EURUSD future Weekly

PMIs out this morning, and keep an eye on the gilt auction.

Good Luck

L