Calmer risk tones prevail to start the new week so far

There’s not much in it to start the new week but calmer tones are prevailing and that should provide some comfort for risk trades – at least for the time being. Here’s a look at how equities and bonds are faring for now:

• Eurostoxx +1.1%
• Germany DAX +1.2%
• France CAC 40 +0.5%
• UK FTSE +0.8%
• S&P 500 futures +0.5%
• Nasdaq futures +0.6%
• Dow futures +0.4%

• 10-year German bund yields +7 bps to 1.51%
• 10-year Italian bond yields +7 bps to 3.62%
• 2-year Treasury yields +1.5 bps to 3.07%
• 10-year Treasury yields +4 bps to 3.16%

It’s a slight tilt towards being more risk-on but major currencies are showing little appetite to go running on the day. EUR/USD is up 0.2% to 1.0575, keeping within a 40 pips range so far today. USD/JPY remains sticky around 135.00 while GBP/USD had a bit of a nudge higher earlier to 1.2330 before coming back down to 1.2290 now.

Elsewhere, commodity currencies are more mixed with USD/CAD down 0.1% to 1.2885 while AUD/USD is down 0.4% to 0.6920 currently.