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A steady morning session for Core Bonds

BOND SUMMARY

EGBs have remained steady during our morning trading session.

  • Bonds and cross assets are once again taking their cue from the Risk sentiment, but the lack of new news, have contracts like the Bund in a tight range (174.04-174.29).
  • German curve is flat, opening within yesterday's afternoon ranges.
  • Peripheral are generally flat against the German 10yr, but let's give a mention to Greece, since the 10yr yield for the country has hit an all time low at 0.915% this morning.
  • Gilts have also seen lower volumes today, as investors await on any Brexit news, headlines.
  • US Treasuries were initially offered into the European opening bell, but have since faded, as Equities retraced from their best levels.
  • All eyes here are squarely on any US stimulus news, without forgetting the US election of course.
  • Looking ahead, ECB Mersch, ECB minutes for Europe
  • Out of the US, Jobless claims, Fed George, Rosengren and Bostic.
  • In term of supplies, we get $23bn of 30yr.

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