The yields gave up some 2 bps. There was
no incentive for the market, but investors are
rather optimistic and lean to buy bonds.
Today the market won’t get any new
information, hence traders might look at
German Bunds as usual. Thus the market
will likely open slightly weaker due to
overnight slip of US Treasuries. The key
events are scheduled at the end of the next
week, when the central bank will decide on
interest rates and France will vote on
European constitution.
(CSOB - Investment research)