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Bull flattening, the noticeable price action

EGB SUMMARY

EGBs are holding onto their early morning gains, and extended higher, with better selling going through in Equities since the US cash open.

  • German 5/30s, although just off the low at the time of typing, have retraced back towards levels traded last Friday at 85.913 low, now at 86.81
  • Semi core have lagged behind today, as such peripheral spread are all trading wider against the German 10yr.
  • Greece is at the widest at 2.9bps
  • Looking ahead, still plenty of speakers on the Calendar, including Fed Bostic, Evans, Daly, ECB Schnabel, de Guindos.
  • For Supplies we get US 7yr $62bn
  • Jun Bund futures (RX) up 46 ticks at 172.63 (L: 172.15 / H: 172.66)
  • Germany: The 2-Yr yield is down 0.5bps at -0.717%, 5-Yr is down 1.7bps at -0.699%, 10-Yr is down 3.2bps at -0.385%, and 30-Yr is down 3.8bps at 0.172%.
  • Jun BTP futures (IK) up 13 ticks at 150.22 (L: 150.02 / H: 150.3)
  • Jun OAT futures (OA) up 36 ticks at 163.13 (L: 162.79 / H: 163.16)
  • Italian BTP spread up 2.6bps at 97bps
  • Spanish bond spread up 1.9bps at 64.7bps
  • Portuguese PGB spread up 2.1bps at 53.5bps
  • Greek bond spread up 2.9bps at 124bps
BulletMarketsFixed Income Bullets
BulletMarketsFixed Income Bullets

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