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Focus remains on Yields

BUNDS
  • September is now front Month in Europe and Bund, with roll running above pace for the past 2 sessions.
  • Focus is squarely on Yields, after a busy session yesterday, as desk positions for the key ECB meeting next week.
  • EGBs and Bund saw yields hitting multi year highs, and markets remains near those peaks.
  • Notable volume is in Schatz, but all spread related.
  • Today sees Final Services PMIs in Europe and the US. French IP is also the notable early data.
  • Out of the US, NFP and ISM Services Index will be in focus.
  • SPEAKERS: Include ECB Holzmann and Fed Brainard (Discusses community reinvestment Act).

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