The bond sell-off continued with a vengeance yesterday, underpinned by a weak French 30-year bond auction, comments by the Banque de France’s Villeroy and ECB Minutes which indicated the Bank was closer to removing its easing bias on its Asset Purchase Program (APP) than many first thought. In terms of market moves, most action happened in bonds: German Bund yields (+9.2bps to 0.56%); French OATs (+10.1 to 0.92%) and US Treasury yields (+4.2bps to 2.37%). With yields moving higher in Europe, the Euro outperformed (+0.6%), while equities were lower across the board (EuroStoxx50 -0.5%; S&P500 -0.9%).

To mark my 1375th issue of Tradernoble Daily Commentary I am offering a special 2 year rate of Euro 2750 for my Platinum Service which includes 1 to 4 updated emails throughout the trading day. This offer is open to both new and existing members and if anyone is interested can you please contact me on bryan@tradernoble.com for details.

For anyone following my Platinum Service it made 96 points yesterday and is now ahead by 283 points for July, having made 1023 points in June, 1071 in May, 1376 in April, 1335 in March, 1481 in February and 1734 in January. Since I started this New Platinum Service in June 2015 it has averaged a monthly gain of over 1700 points.

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