Some weak jobs and ISM data and general oversold conditions sparked a rally in the long end of the yield curve. Bunds are up 90 whilst Gilts are up 100 points. As it stands now there is a general bout of profit taking across the board in all areas. We have come off in stock and the Dollar has gained some strength after been hit hard the last few sessions.
Whether this is a start of a longer term trend or merely a blip in this upward march is to be seen.
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