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Day ahead

BUNDS
  • Bund stays in a tight range (177.14/177.27) on the cash open, with most sitting on the sideline ahead of the US NFP..
  • German curve leans bear steeper, but range is so far limited.
  • Worth keeping an eye on the risk on tone in early trade.
  • Despite futures contract showing in the red, we are nonetheless near the all time record highs.
  • ESU1 is trading at 4420.25, after printing another high yesterday at 4422.75.
  • Extoxx futures is at 4155.5, after printing a contract high yesterday at 4161.
  • Very little in terms of European data for today, just Italian IP.
  • ALL EYES are on US NFP, while Wholesale inventory is final reading.
  • The US President will deliver his usual remark on the job report at 10.30ET/15.00BST.

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