Non-Farm Payrolls from US strong
Perhaps the US economy is stronger than previous perception. Even though the financial press is still implying that a US rate cut is going to happen its just to what scale. A strong correlation exists between Bunds and UST so we have seen some retraction in yields on the back of stronger than anticipated employment data. But I still think higher yields are potentially a buy (note guys I don't have skin in the game so its just an opinion). I will spend sometime on looking if a short bases exists in Bunds if so I cannot see a large retraction in yields anytime soon. Unless we see a major event which can break significant levels.
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