Free Trial

Core bond futures higher across the board

BONDS

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%.

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.