Free Trial

A balanced afternoon session

EGB SUMMARY

A more balanced trading afternoon session for EGBs.

  • German curve is still trading bull flatter, but we are off the lows.
  • Peripherals have mostly traded inline with Germany, with spread close to flat.
  • Greece is 0.6bp wider, while Spain is 0.6 tighter against the German 10yr.
  • Looking ahead, we have ECB Lagarde delivering a pre-recorded speech on climate change. Fed Williams
  • Jun Bund futures (RX) up 17 ticks at 172.09 (L: 171.93 / H: 172.44)
  • Germany: The 2-Yr yield is down 0.3bps at -0.712%, 5-Yr is down 0.8bps at -0.678%, 10-Yr is down 0.9bps at -0.35%, and 30-Yr is down 1.6bps at 0.215%.
  • Jun BTP futures (IK) up 10 ticks at 150.04 (L: 149.83 / H: 150.25)
  • Jun OAT futures (OA) up 14 ticks at 162.69 (L: 162.49 / H: 162.96)
  • Italian BTP spread up 0.4bps at 94.7bps
  • Spanish bond spread down 0.5bps at 62.9bps
  • Portuguese PGB spread unchanged at 51.3bps
  • Greek bond spread down 0.2bps at 120.9bps

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.