France has 6.5B euros in paper coming out. Italy is placing some Bills. Uncle Sam has T Bills and 3 year notes for you dining and dancing pleasure. A concession peeked through the markets on Friday in an abbreviated set up.
The current 3 year is at 35bp. The 5 year TIP is -.91.
3 month LIBOR set at .54 with the contract for March 2012 at 63/62.
We are looking to lean against the bond classic in the low 142's with 142.11 stop risk.