The market is abuzz about the bund.
The German government bunds saw their yields break through 1% for the first time since September 2014 as the global bond selloff continues. The selloff is being fueled by the European Central Bank's publicly stated position that it would not intervene in the market correction.
Meanwhile, not all is well in Greece, as the country has employed scare tactics about how its exit from the European Union would affect the everyday EU citizen. Both sides remain seemingly far apart in agreeing to concessions on the debt renegotiation. Leaders from Germany (Merkel) and France (Hollande) are delaying a meeting with Greek Prime Minister Alexis Tsipras that was scheduled for today in a power move demonstrating their displeasure with the state of negotiations.
U.S. stock futures are slightly higher this morning and oil is also up so far in today's trading.
Some notable earnings reports today include Francesca's (FRAN), Krispy Kreme Doughnuts (KKD), Box (BOX) and Men's Wearhouse (MW).
At 10:30 a.m. today we are scheduled to receive the DOE Energy Inventories.
Happy trading!
Bryan Ashenberg is the portfolio manager for Growth Seeker and the fundamental analyst for Trifecta Stocks. Test drive with a free trial.
