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Heavy buying over the past week has centered on options that would stand to benefit from US 10-year yields dropping to roughly 4.3%, some 15 basis points below where they are now and the lowest in more than a month.
The economic calendar remains busy in the days ahead with a bevy of Federal Reserve speakers as well as the October US inflation report (consumer price index).
After a quiet economic calendar last week, the coming days will see several important US data releases.
Eurozone price pressures are continuing to rise, complicating the ECB’s efforts.
No data release matters more this week – and perhaps this month – than the September US consumer price index on Thursday.