Free Trial

A more steady European morning session

BONDS
  • A more stable morning session for EGBs and Bund, after the large ranges that they traded yesterday.
  • Headline on Russia have been more subdued this morning, with nothing emerging regarding the tensions.
  • Bund is flat at the time of typing, and similar price action in peripheral spreads, with all of them flat against the German 10yr.Gilt outperforms, and is 1.3bp tighter versus Bund.
  • BOE's Bailey, Broadbent, Haskel and Tenreyro are testifying and sound not as Hawkish as they have been previously.
  • BoE Broadbent: We are likely to need to further tightened, but not an inexorable rise.
  • Most of the action in Treasuries remains in spread, with desk taking advantage of the more stable markets.
  • Looking ahead, there is no data of note, but plenty of speakers, including h ECB Villeroy, Guindos, de Cos, BoE Bailey, Tenreyro, and Fed Daly

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.