Bond yields marching higher

The euro and sterling have both slipped a touch against the dollar to trade just below $0.98 and just above $1.12 respectively this morning, which in turn leaves the single currency-pound exchange rate still hovering in and around 87p

In government bond markets, yields are marching higher with US 10-year yields now approaching 4.20% and equivalent German yields knocking on the door of 2.45%. UK 10-year yields are back up to 4%, though this is still lower than at the end of last week

Oil prices have been creeping up from their recent lows with Brent crude now at circa $94 per barrel, from around $88 p/b at the end of September

ECB member Vasle says the central bank should increase interest rates by 75 basis points at each of its next two meetings (the first of these is this day week)

Economic data due today includes jobless claims and existing home sales in the US