Bunds break 145

As worries persist in Europe, so does the safe haven buying, with the Bund touching 145, for a record low yield just above 1.3%. The rally in the bund is flattening the curve further, suppressing spreads, as we continue to grind lower. Euribor activity has almost been non existent volume wise in the past few days, which has made trade opportunities very hard to come by. Short sterling has been a bit more active, with shorts being the play of the days as gilts push higher too. Talk of euro zone integrated financial system, helped boost the Euro momentarily, with a 50 pip spike on the comments, but we quickly faded the move. The main talk of the week will be the US job numbers on Friday, and they will set the tone for stocks, as the US markets have held up well on the perception they are riding the downturn better then most, but if we have a weak number, we could see a big drop off in US equities. Below is short video of the moment Bunds broke 145