Archive for January 10th, 2018

Jan 10, 2018 Bund Rate pushes Up

January 10th, 2018

Yesterday we mentioned that BoJ was cutting back long term bond buying a small bit and didn’t think that it would matter much. Well, German Bunds and our Bonds have been moving up on it, plus Europe is really adding a lot more supply out of Italy, Portugal and Germany. China started OMO again after 12 days but Shanghai Futures had copper flat with China’s CPI coming in below estimates at 1.8 vs 1.9, yet higher then Nov. PPI beat estimates but was lower from last month. This gives room for PBoC to tighten if it wants of course. Futures are down a bit at .12% in the second hour of the europe trade. Bitcoin is again in the 13,000 range.

Jan 2018