Daily thread to exchange ideas and to share your thoughts
Good day, everyone! Hope you're all doing well as we get into the thick of the action here in European trading. It's been a relatively decent start to the session with very few key headlines but the dominant themes in markets are still at play and that is of rising yields and risk sentiment.
- Italy bond yields fall as parliament looks set to downvote government's fiscal plan
- European equities are higher as Italian bonds are cheering latest budget developments
- Treasury yields edge higher, 10-year yields up 1.5 bps to 3.248%
- Dollar holds steady as Treasury yields continue to climb
- Japanese yen, Swiss franc weighed lower now as equities move higher, risk improves
Ranges are still relatively tight on the day but we'll surely get to see more action in the coming hours. What are your views on the market right now? Share your thoughts/ideas with the rest of the ForexLive community here.