MARKET OVERVIEW - A Positive Outlook Expected to Continue in the Bond Markets

Forex - Rainer Guntermann from Commerzbank Research stated that there is room for expansion in the constructive tone of the bond markets. The interest rate strategist mentioned, “A favorable supply-demand model provides support along with soft inflation and growth dynamics, and the unwinding of short positions before year-end also seems to be in play.” In the Eurozone, investors are increasingly focusing on the European Central Bank's meeting on December 12, and considering the downward growth risks, the pace of interest rate cuts remains in question. The yield on the 10-year German Bund is trading at 2.077%, down by 1.5 basis points.