We expect higher level of market volatility going into the
NY session later today on the raft of US data that comes on stream. The
bond sell-off we have seen over the past few days may have slowed
overnight but it may be too premature to think it is over. We continue to
keep a close watch of the bond market, which is leading the market
signalling race now. Market trading has so far resisted in breaking out
1.8% in UST10Y. We still think 1.50-1.80% range is likely. We suggest ...