Jun 4, 2010

Risk aversion ebbing as non-farm payroll approaches

Participants look set to continue adding back the risk jettisoned over the last few weeks.

It will be interesting to see how bonds respond today with non-farm payroll numbers typically bringing the volume that allows for big moves.  I would expect with momentum weakening in the recent rally and some talking of up to 700k jobs added in May that bonds end the day lower.

In commodities, it looks like oil is set to regain some of the ground it lost to gold recently.

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