MNI BRIEF: Fed Review Must Incorporate Many Scenarios - Kugler

MNI BRIEF: Fed's Kugler Says Makes Sense To Hold For Some Time

MNI BRIEF: Job On Inflation Not Done, Care Needed - BOE Pill

MNI BRIEF: Mexico Inflation Down To 3.59% In January

MNI BRIEF: Tariffs Force CBRT To Hike 2025 Inflation Forecast

MNI China Daily Summary: Friday, February 7

MNI: US DEC CONSUMER CREDIT +$40.8B

MNI: BAKER HUGHES US RIG COUNT 586; OIL RIGS 480; GAS RIGS 100

BAKER HUGHES CANADA RIG COUNT 249; OIL RIGS 177; GAS RIGS 72

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

GERMANY: Kukies Considers Potential Non-Implementation Of 2024 Suppl' Budget

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EGBS: Bund Futures Below Yesterday's Settlement Levels Alongside USTs

EGBS
BulletEurozoneFixed Income BulletsMarkets

Bund futures are 42 ticks below yesterday’s settlement levels at 132.87, with core FI markets unwinding a little of yesterday’s tariff risk-premium following agreements between the US and Mexico/Canada. The reaction to China’s retaliatory actions overnight has been relatively contained.

  • Initial short-term support in Bunds is not seen until the 20-day EMA at 132.14.
  • German yields are around 4bps higher across the curve, though 10-year yields at 2.423% remain comfortably below Friday’s closing levels of 2.459%.
  • 10-year EGB spreads to Bunds are up to 1.5bps tighter, with European equity futures continuing to inch higher.
  • The OAT/Bund spread remains above 70bps, with medium-term fiscal and political risks still present despite PM Bayrou looking likely to survive tomorrow’s censure motion.
  • Austria sold E1.725bln of 5/15-year RAGBs this morning. We remain on the lookout for syndication announcements from Belgium, Germany and Italy.
135 words

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.

Bund futures are 42 ticks below yesterday’s settlement levels at 132.87, with core FI markets unwinding a little of yesterday’s tariff risk-premium following agreements between the US and Mexico/Canada. The reaction to China’s retaliatory actions overnight has been relatively contained.

  • Initial short-term support in Bunds is not seen until the 20-day EMA at 132.14.
  • German yields are around 4bps higher across the curve, though 10-year yields at 2.423% remain comfortably below Friday’s closing levels of 2.459%.
  • 10-year EGB spreads to Bunds are up to 1.5bps tighter, with European equity futures continuing to inch higher.
  • The OAT/Bund spread remains above 70bps, with medium-term fiscal and political risks still present despite PM Bayrou looking likely to survive tomorrow’s censure motion.
  • Austria sold E1.725bln of 5/15-year RAGBs this morning. We remain on the lookout for syndication announcements from Belgium, Germany and Italy.