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NFP day

BUNDS
  • Bund, ALL EYES on NFP, and while I say this, it is clear that the market is far more sensitive to inflationary risks, so anything within the ball park consensus for the US job data and we are likely to see the usual knee jerk reaction post data.
  • Far more interesting is US Tnotes now testing initial next resistance in 10yr yield at 1.59%.
  • For Bund initial target is at -0.146%.
  • Today, BoE release quarterly bulletin, but focus is of course on NFP.
  • We also get US Wholesale inventories, but final reading for the latter.
  • SPEAKERS: ECB Lagarde, Panetta, and US yellen.

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