Bunds: straddling 157.00 level in quieter post-NFP trade

A rather indecisive Eurex open with the 10 year German bond kicking off just 2 ticks above last Friday’s 156.98 close, but unable to really build on gains above the big figure beyond 157.05 at the first time of asking and retreating to a 156.91 low before regaining a bit more momentum. Core debt is still trying to consolidate after the marked downturn in wake of the bumper 300k+ rise in US February payrolls that largely overshadowed softer average earnings, at least in terms of fixed markets. Comments from ECB’s Coeure not really offering anything new on the policy outlook with the cautionary tone on inflation essentially echoing what President Draghi said in his post-meeting press conference. Looking ahead, a typically quiet Monday schedule, but US supply in focus later via 3 and 10 year auctions.