Trial now
EQUITIES

QUICK MNI TECH

GBP

EURGBP at session high

ITALY DATA

Manufacturing Sentiment Slips

Bear Steepening

US TSYS

The UST curve continues to bear steepen with the 2s20s spread widening to 3.3bp on the day in what has been a relatively quiet session so far. TYH1 trades at 136-21+, just off the day's low of 136-20+. Breakevens have similarly pushed higher with the 10-year benchmark hitting 2.22% from a session low of 2.199%. The dollar is broadly on the front foot within the G10 space. The University of Michigan consumer sentiment index for February will be published later, and will be the only significant data release today.

MNI London Bureau | +44 0203-865-3808 | bruce.jeffery@marketnews.com