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A more stable afternoon session

EGB SUMMARY

A more stable afternoon for EGBs, as Equities gave back some of their early gains, after the US retail sales miss.

  • Bund is off the low in line with Treasuries on the data miss and some position squaring before the FOMC later today.
  • Peripheral are tighter throughout today's session, with Greece in the lead at 3.3bps
  • Mar Bund futures (RX) down 87 ticks at 177.4 (L: 177.27 / H: 178.31)
  • Germany: The 2-Yr yield is up 3.1bps at -0.725%, 5-Yr is up 4.8bps at -0.739%, 10-Yr is up 5.2bps at -0.559%, and 30-Yr is up 4.8bps at -0.153%.
  • Mar Gilt futures (G) down 38 ticks at 134.38 (L: 134.14 / H: 134.62)
  • UK: The 2-Yr yield is down 0.2bps at -0.056%, 5-Yr is up 1.4bps at -0.015%, 10-Yr is up 3.3bps at 0.293%, and 30-Yr is up 4bps at 0.866%.
  • Mar BTP futures (IK) down 47 ticks at 151.92 (L: 151.86 / H: 152.42)
  • Italy / German 10-Yr spread 1.9bps tighter at 111.1bps
  • Mar OAT futures (OA) down 81 ticks at 167.47 (L: 167.36 / H: 168.37)

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