Oil’s slide dipped just below the $40 briefly before rebounding now to the $40.30 area. US yields are edging up late in the session after finding a flow around 2.10% in ten-year treasuries. We trade now around a 2.20% yield, a mere 30 bp below where we were yesterday afternoon before the Fed started up the chopper.
EUR/USD trades quietly in the 1.4330s. Dealers report extremely thin conditions with smakk orders of EUR 25-30 mln able to move the market 20 pips if not handled delicately.
