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Bunds/gilts follow USTs higher

BONDS
  • Bund and gilt futures make new intraday highs on the softer-than-expected US CPI print, following USTs higher.
  • Bund futures are around 80 ticks above pre-data levels at 136.40 at writing, around 30 ticks in excess of this morning's intraday high but still some way below yesterday's high of 136.88.
  • Gilt futures around 90 ticks above pre-data levels at 104.10 at writing, around 55 ticks in excess of this morning's intraday high and exceeding yesterday's high. We reached a high of 104.97 on Thursday.

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