Bund outperforms Tnotes, pushing the spread 3.6bps wider.
The spread traded at 192.88 on the 2nd August, which was also the widest print since 17th May.
Chart source: MNI/Bloomberg
CROSS ASSET: Continued small unwind
Aug-08 07:41
Seeing small continuation of price unwind across assets, unwinding some of the US NFP price action, although volumes and liquidity remains on the very low side.
Equities are paring losses, after Friday saw some of the biggest moves in a couple weeks.
Govies, EGBs and Tnotes are also recovering higher and similar story in FX.
EURUSD is back above 1.0200, and was trading circa 1.0231 pre NFP.
Some desk will likely position for the US CPI (Wednesday), with consensus going for a slow down median reading of 0.2% MoM versus 1.3% last Month.
Range for the data is 0.0% to just 0.4%, median 0.2%.
MNI EXCLUSIVE: BOJ forward guidance
Aug-08 07:22
MNI looks at the BOJ's forward guidance
On MNI Policy MainWire now, for more details please contact sales@marketnews.com