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Brexit Headlines Deal Blow To Core FI

BONDS

March Bunds dropping hard, 70+ ticks to lowest since Dec 3 on Brexit deal headlines. 177.14 support being tested; next up is 176.83.

  • Front Gilts "merely" giving up last two sessions' gains but off 60 ticks in past 1/2 hour or so. Eyeing next support at 134.36 (Dec 17 low).
Quick check on levels:
  • Mar Bund futures (RX) down 78 ticks at 177.15 (L: 177.12 / H: 178.18)
  • Mar Gilt futures (G) down 87 ticks at 134.72 (L: 134.71 / H: 135.69)
  • Mar BTP futures (IK) down 48 ticks at 151.39 (L: 151.36 / H: 152.05)
  • Italy / German 10-Yr spread 1.3bps tighter at 113.7bps

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