The eco calendar is again thin today
On Tuesday, trading remained quiet and uneventful in all markets, as they continued to digest last week losses (bonds) and gains (equities). So, global core bonds corrected somewhat higher while equities dropped modestly lower. No technical relevant levels were breached or even approached. Peripheral EMU bonds traded mostly sideways (see below). Technical factors (oversold/overbought conditions ) may have played a role intraday. Both the German and US yield curve flattened. Continiue Reading...
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