Free Trial

As to be expected, a fairly range......>

BOND SUMMARY
BOND SUMMARY: As to be expected, a fairly range bound session for Global Govies
ahead of the awaited Main Event.
-EGB's were better bid throughout our morning session, with the likelihood of
some short term punt going into the ECB and/or potential positioning.
-BTP kept at pace with Bunds, leading the contract into positive territory.
-Peripherals are mixed with best performer against the German 10s, Greece at
4.4bps tighter on the spread, and the worst Italy at 1.5bps wider. 
-Gilts have somewhat struggled on the back of the better bid in GBPUSD, but the
move in the FX pair was more a USD sell off function. USD is broadly offered
across the board in G10 and EM FX.
-There was very little to report in Treasuries, with price action taking their
cue from European Government Bonds.
-ALL EYES on the ECB with plenty of split consensus out there.

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.