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Another busy session

EGB SUMMARY

A range bound session for EGB, but once again a busy day, with elevated volumes.

  • Bund stays better offered, this morning weighted by supplies, and this afternoon on higher equities.
  • US SPX, DOW and Nasdaq are trading at new record highs.
  • Peripheral spread are mostly flat against the German 10yr, with just Greece 1bp tighter on the day.
  • Looking ahead, Fed Bullard, Evans and Daly are still set to speak
  • Bund futures are down -0.09 at 177.28
  • 10y Bund yields up 0.3bp at -0.520% and Schatz yields down -0.1bp at -0.709%.
  • BTP futures are up 0.05 at 151.96
  • 10y yields down -0.6bp at 0.559% and 2y yields up 0.3bp at -0.399%.
  • OAT futures are down -0.04 at 167.58
  • 10y yields up 0.5bp at -0.318% and 2y yields down -0.9bp at -0.688%.

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