Free Trial

Another range bound session for EGBs...>

BOND SUMMARY: Another range bound session for EGBs and Treasuries in early
-All of the action was in FX and particularly the British Pound, with the
currency down 1.3% versus the greenback at some stage. 
-Overnight comment from Boris: "Boris Johnson will guarantee Britain fully
leaves the EU with or without a trade deal by the end of 2020 as part of a
beefed-up Brexit bill put to Parliament this week." 
-Gilts opened higher on safe haven play with the contract up 43 ticks at the
time of typing. -UK Data was on the margin mixed and was taken as such by most
market participants. 
-EGB peripheral spreads are mixed against the German 10, with Italy 1.3 bps
wider, while the rest of the other nations are flat -Treasuries are range bound
and very little to report there -Very little on the calendar this afternoon.

To read the full story



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.