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Citi Flag Slightly Larger Than Normal EGB Extension & Small Gilt Contraction

MONTH-END EXTENSIONS

Citi project “the Bloomberg Euro Treasury index to extend by 0.06 years (marginally higher than 5yr median monthly extension) and FTSE EGBI to extend by 0.07 years at month-end. On a weighted-duration basis, both extensions should be most supportive for OATs, followed by Bunds. In the UK, the Bloomberg Sterling gilts index and FTSE gilt index are projected to contract by 0.01 years and 0.03 years respectively.”

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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