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Bunds and gilts at their lows of the day

BONDS

It's been a mixed morning in core fixed income. After markets were in risk-on mode overnight, European equities came off their highs in the early European morning session. This saw Bunds and Treasuries retrace some of their losses. However, despite equities giving up more of their gains, Bund and gilt futures are at their lows of the day while TY1 is still off its lows and now largely flat on the day. There have been no real headline drivers of the moves in a low liquidity market.

  • TY1 futures are down -0-1 today at 131-04 with 10y UST yields up 1.0bp at 1.435% and 2y yields unch at 0.634%.
  • Bund futures are down -0.42 today at 174.00 with 10y Bund yields up 2.2bp at -0.349% and Schatz yields up 0.9bp at -0.734%.
  • Gilt futures are down -0.35 today at 126.47 with 10y yields up 3.4bp at 0.804% and 2y yields up 3.1bp at 0.561%.

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