German Update

Sharp selloff after North Korea's foreign minister said President Donald Trump had declared war on the country and that it reserves the right to take countermeasures, including shooting down U.S. bombers even if they are not in its airspace.

New York Federal Reserve President William Dudley's upbeat comments on the economy reinforced the central bank's view of gradual rate hikes. Markets are also awaiting a speech by Fed Chief Janet Yellen Tomorrow for more guidance on the monetary policy.

North Korea foreign minister speech was a news-driven event so Scene of Crime (SoC 2494) comes into play as next LIS (Line in the Sand) /ES profile is bimodal right now and major resistance is LVN 2493.75 Buyers have to push above that key level to avoid a major sell off towards 2480. The 30yr Bond /ZB shows bullish bias after value shifted higher.