Well I said it in the last post that the way it was looking we would get a good non farm, but not in the way I would have thought. Rather then a good amount of jobs added we had a dramatic reduction in the unemployment rate from 8.1% to 7.8%. It is very timely actually but it lead to some volatility initially before it all faded before the close of the US session.
Theres no disguising that there is still a lot of problems, and with the run in to the US elections I wouldn't be surprised to see more and more good data, to give the President a boost, before the Americans go to the polls.
So going forward I would expect to see some pressure on the Bund, unless we have any major announcements out of the EU.
Spreads are very slow and static at the moment so best to wait for good levels and hold until it comes your way.
Other then that not much else to report.
Subscribe to:
Post Comments (Atom)
Front month WTI Futures plunges to negative $37 as storage costs rocket
It was a move of epic proportions in the front month WTI Crude futures, the significance of which is not really known of yet, but was incre...
-
Much has been said about the new phone and the response on the surface seems exactly how you would expect it to be. Regardless of what Appl...
-
In the previous ECB meeting we had a split decision on whether to cut rates further or not but today Mario Draghi said the council decided ...
-
With the raft of poor data out this morning, we got some strong selling pressure in all parts of the curve. The 2s-10s spread hit an all tim...
No comments:
Post a Comment