2 Sep 2013
European rates edge higher, 10-year Treasuries in 2.8% region
FXstreet.com (Lisbon) - Monday trading has been relatively limited thus far during the European session, save for a breakout in the USD/JPY. In addition, the EUR/USD continues to cling to narrow gains, bolstered by support.
In Germany, Markit Manufacturing PMI (August) was reported at 51.8, missing estimates of 52.0. In addition, in the EMU, Markit Manufacturing PMI came in at 51.4 in August, vs. expectations of 51.3. The United States has off given the observance of the Labor day holiday, which should foster a muted session later on.
In terms of rates, US 10-year treasuries are operating at 2.78%. Meanwhile German 10-year Bunds moved up several bp to 1.9%, 10-year Gilts are now at 2.83%.
In Germany, Markit Manufacturing PMI (August) was reported at 51.8, missing estimates of 52.0. In addition, in the EMU, Markit Manufacturing PMI came in at 51.4 in August, vs. expectations of 51.3. The United States has off given the observance of the Labor day holiday, which should foster a muted session later on.
In terms of rates, US 10-year treasuries are operating at 2.78%. Meanwhile German 10-year Bunds moved up several bp to 1.9%, 10-year Gilts are now at 2.83%.