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Yields are off multi Months lows

BUNDS
  • EGBs have seen a small gap lower overnight, but mostly all already closed.
  • German 10yr Yield and the May's low has held somewhat, Italian 10yr Yield printed its lowest level since February and France since April Yesterday.
  • Resistance is at 135.81 Yesterday's high, but most will eye the 136.00 Psychological level.
  • Supports come at 134.87, followed by 134.50.
  • Main focus is of course on the US NFP/AHE, range is 45k/275k, median 183k, whisper (so far) is 169k.
  • Today also sees prelim Michigan, and BOE releases inflation attitudes survey.
  • SPEAKERS: ECB Muller.

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