Free Trial

Bear steepening

BONDS
  • Curves are bear steepening Globally, nothing big, and the bigger picture still shows curve at multi month lows.
  • German 5/30s is at steepest level for the week, albeit still at lowest (flattest) levels since February.
  • Initial upside target for 5/30s is at 76.067, now at 75.202.
  • US/Germany 10yr spread moves 1.4bps wider, widest since the 16th July.
  • Support in Bund is now at yesterday's low 175.42.
  • Small support in TYU1 moves up to 134.11


Chart source: Bloomberg

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.