Core bond futures higher across the board

Core bond futures are higher across the board this morning as markets react to continue political uncertainty in Ukraine.

• Bunds are outperforming, as there have also been some comments from ECB policymakers over the weekend leaning against rate hikes.
• Fed's George seems opposed to an inter-meeting hike and despite saying a 50bp hike is possible in March, that she's uncertain about the path ahead for rates - comments that are relatively dovish for one of the FOMC members who is considered to be on the hawkish end of the spectrum.
• ECB's Lagarde is due to address the European Parliament later this afternoon in comments that will be closely watched.
• TY1 futures are up 0-7+ today at 126-20 with 10y UST yields down -2.0bp at 1.921% and 2y yields up 2.2bp at 1.527%.
• Bund futures are up 0.91 today at 165.86 with 10y Bund yields down -7.4bp at 0.220% and Schatz yields down -5.7bp at -0.391%.
• Gilt futures are up 0.36 today at 120.31 with 10y yields down -4.5bp at 1.498% and 2y yields up 1.4bp at 1.421%.