Falling Bond Prices and rising Yields has lead to steepening in the Yield curve suggesting rates are going to rise sooner rather then later.
Euribor, Short Sterling and Eurodollar Spreads have pushed up in the past few weeks as continued good data has put pressure on Bond Prices.
I have been away for the past couple of weeks so, normally I would be looking to short this all across the curve. But with ECB and Bank of England rates being announced tomorrow, I'm looking to slowly ease into it and see what comes out from the BoE and ECB, before taking further action. We also have ADP, followed by the all important Non Farm payrolls on Friday, which will be a key number in determining what the FED will do when they meet mid September.
Either way this all leads to a potentially volatile month, so this should provide good opportunities to make some profitable trades.
I will update on Friday, hopefully some good trading opps!
Euribor, Short Sterling and Eurodollar Spreads have pushed up in the past few weeks as continued good data has put pressure on Bond Prices.
I have been away for the past couple of weeks so, normally I would be looking to short this all across the curve. But with ECB and Bank of England rates being announced tomorrow, I'm looking to slowly ease into it and see what comes out from the BoE and ECB, before taking further action. We also have ADP, followed by the all important Non Farm payrolls on Friday, which will be a key number in determining what the FED will do when they meet mid September.
Either way this all leads to a potentially volatile month, so this should provide good opportunities to make some profitable trades.
I will update on Friday, hopefully some good trading opps!
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