STIR: Dovish Fed Repricing Extends On NFPs, Over 65bp Of Cuts Priced Through Dec

"*TRUMP TO MAKE ANNOUNCEMENT ABOUT APPLE TODAY: WHITE HOUSE" - bbg

• Trump is set to make an announcement at 1630ET today - but the topic wasn't specified and was speculated to potentially cover: Russia sanctions, or nominees for Fed governor or BLS head. That may now not be the case. We reported late yesterday: "U.S. President Donald Trump said Tuesday he will pick a new Federal Reserve governor by the end of the week and again named National Economic Council Director Kevin Hassett and former Fed Governor Kevin Warsh as contenders."

• Some small momentum buying in the past few minutes in Wider Bond futures, but in also in rates in the likes of the Euribor, and the US SFR front strip.
• While the early long end supply weighted into the longer end Govies pre Auction in Germany, US Investors will be focussing on the US 10 supply later Today given the lack of Data for the Session.
• Worth keeping an eye on UK Govies, there's likely been some interest in buying dips, and some small Fast Money positioning ahead of the BoE cut Tomorrow.
• The 4.50% provided the support this Week in the 10yr UK Yield, printed a 4.496% low on Tuesday and a 92.84 high in Futures.
• As noted on that day for Gilts, further out sees 4.45% (93.21), followed by 4.40% (93.68).

Recent trade in the SFIQ5 96.15/96.20 call spread saw paper pay 1.0 on 7K.