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Another busy afternoon session

EGB SUMMARY

Another fairly busy afternoon for EGBs

  • Bund trade on the weaker side, after a bounce higher in Equities, after Broker crack down on Retail clients.
  • German curve lean bear steeper at the time of typing.
  • Peripheral have kept pace with Bund, and as such they trade close to flat on the session.
  • Gamestop has once again been on the radar as it trades in a 85% move range, and at some point becoming the biggest stock in the Russell 2000.
  • Looking ahead, ECB Schnable speaks on a pane
  • lMar Bund futures (RX) down 6 ticks at 177.73 (L: 177.54 / H: 177.96)
  • Germany: The 2-Yr yield is down 0.4bps at -0.745%, 5-Yr is down 0.4bps at -0.755%, 10-Yr is up 0.1bps at -0.545%, and 30-Yr is up 0.5bps at -0.111%.
  • Mar BTP futures (IK) up 9 ticks at 151.11 (L: 150.82 / H: 151.19)
  • Mar OAT futures (OA) down 5 ticks at 167.47 (L: 167.3 / H: 167.7)
  • Italy / German 10-Yr spread 1.7bps tighter at 118.4bps
  • Spanish bond spread down 0.4bps at 61.6bps
  • Portuguese PGB spread down 0.7bps at 56bps
  • Greek bond spread up 1bps at 123.4bps

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