Weekly wrap up with Stuart

Treasuries are holding a bid with the long end outperforming, overlooking the solid jobless claims data ahead of the CPI report tomorrow, upcoming supply, and an expected acceleration in the Fed’s QE taper next week. Equities are weaker with US futures about -0.35% in the red, with similar losses on core European bourses. The US Dollar moved a bit higher following the data. USDJPY edged up to 113.46 from 113.30, while EURUSD eased to near 1.1310 from 1.1320.

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Stuart Cowell  

Head Market Analyst

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