Nasdaq futures up 2% on the day now
As Treasury yields are keeping lower, risk sentiment continues to fare better in European morning trade as equities – tech in particular – are shooting higher.

Spain’s health minister says there are no serious cases of blood clots related to the AstraZeneca vaccine in the country
six countries to suspend the vaccine temporarily

The main objective is to downplay the rise in bond yields, but how?
It will be all about the language and communication by the ECB today as the central bank looks to push back against recent bond market developments, or at least keep things in-check and prevent any further rise in yields just in case.

As announced by the Danish health authority
The rollout and use of the AstraZeneca vaccine is halted temporarily in the country amid concerns that it is leading to increased risks of blood clots.

Latest data from the Mortgage Bankers Association for the week ending 5 March 2021
Once again, amid the recent surge higher in yields/rates, it could dampen mortgage activity after the more robust recovery seen during the immediate period of the pandemic.

The market continues to keep more tentative so far today
10-year yields are up 3.7 bps to 1.563% currently, near the highs for the day as all eyes will be on the auction later in the day at 1800 GMT.

That puts it on track for the highest open since 1 February
As much as the rebound in tech yesterday was impressive, GME is doing its thing again as it shoots higher in pre-market trading once more today.

The dollar is staying little changed as the overall market mood is tentative
EUR/USD is trading back to flat levels now at 1.1900 after having eased lower to 1.1870 earlier at the start of the session. Of note, price is still keeping just below its 100-hour moving average (red line) @ 1.1911 so sellers are still

The market isn’t chasing a clear theme to start the day
With US February CPI data and the 10-year Treasury auction to follow later in the day, it is panning out to be a bit of a snoozefest here in Europe.

10-year Treasury yields are down by nearly 7 bps to 1.521%
The drop sees 10-year yields fall to their lowest since last Thursday, backing off from a test of 1.60% yesterday. The retreat in yields is keeping risk assets more buoyed with European indices holding modest gains now as US futures keep higher.