- US Treasuries eke out modest gains in lacklustre session
Equities and technicals were the drivers in yesterday’s thinly traded session that left Treasuries with some, albeit technically insignificant, gains. Today, the calendar remains fairly light which might result in more range trading. - European bonds lower ahead of sentiments data
The recent sell-off on the European bond market has brought bond prices close to important support levels, which if sustained broken may result in another down-leg. In 2-year yields, the 4% level should remain difficult to break above. - EUR/USD test of 1.56 range top rejected
The dollar started the week on a poor footing, but managed to recoup the losses later in the session in technically inspired trading. Today (and later this week) the European data should set the tone for trading. Poor data might cause the euro cross rates to drift lower in the established ranges.
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