Free Trial

Bunds have moved higher in what has.....>

EGB SUMMARY
EGB SUMMARY: Bunds have moved higher in what has been generally a risk off day
and with equities moving lower.
- Banque de France Governor Villeroy said today that the ECB do pay attention to
spreads and that they "matter" even if the ECB doesn't target specific levels.
This is another attempt by a senior member of the ECB Governing Council to
clarify the comments made by Christine Lagarde at her first ECB press conference
as President.
- Spreads largely moved a bit wider in line with the general risk pictures but
there are exceptions in Slovenia, Cyprus and Greece. ** Latest levels:
* Jun Bund futures (RX) up 12 ticks at 173.75 (L: 173.56 / H: 174.08)
* Germany: The 2-Yr yield is down 1.2bps at -0.746%, 5-Yr is down 0.8bps at
-0.74%, 10-Yr is down 0.4bps at -0.534%, and 30-Yr is down 0.5bps at -0.1%.
* Jun BTP futures (IK) down 41 ticks at 137.95 (L: 137.87 / H: 138.64)
* Italy / German 10-Yr spread 3.4bps wider at 236.6bps
* Jun OAT futures (OA) down 19 ticks at 167.75 (L: 167.73 / H: 168.29)

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.