Free Trial

A roundtrip back to flat

BOND SUMMARY
  • It has been a day of two halves for core fixed income in the European session today. After a weak start to the European trading day for Bunds, with futures trading through Friday's low of 169.53 to as low as 169.48, losses have now been largely reversed with Bunds now only marginally lower on the day.
  • There have been very few headline drivers despite a decent day for European data. After some higher than expected German state inflation, Spanish HICP was in line with expectations, Italian HICP was a little lower than expected and German HICP was in line with expectations (despite the national CPI measure coming in higher).
  • Treasuries were in a very narrow range through the Asian session but have followed Bunds throughout the European session.
  • TY1 futures are down -0-4 today at 131-26 with cash markets closed.
  • Bund futures are down -0.08 today at 169.86 with 10y Bund yields up 0.6bp at -0.177% and Schatz yields up 0.4bp at -0.665%.

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.