Free Trial

(U2) More Stable But Still Fragile


Trend Structure Remains Bullish


Cautious Risk Appetite Gains Momentum


Key Support Still Exposed


Late Equity Roundup: 2W Highs

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
EGB SUMMARY: Core EGBs have drifted lower while periphery spreads are a little
tighter Monday, with the ECB`s annual symposium in Sintra opening tonight.
- Seen some steepening in the German curve, with 2-Yr yield is up 0.4bps at
-0.689%, 5-Yr is up 0.5bps at -0.597%, 10-Yr is up 1.5bps at -0.24%, and 30-Yr
is up 3.2bps at 0.353%.
- Italian 10-Yr spreads to Bunds 3.6bps tighter, Spain/Portugal/Greece a little
tighter as well (1bps or less).
- Arguably the story of the day has been in a huge jump in open interest in
active Eurex contracts on Friday based on data released today, with RXU9 jumping
by 150k (nearly 10% rise). Not yet seen an explanation.
- Little impact so far from ECB headlines, Coeure and de Cos largely repeating
same lines. Euribor fairly steady, down 0.5-1.5 ticks across the strip.
- Draghi speaks this evening (1800 UK). Latest futures prices:
* Sep Bund futures (RX) down 27 ticks  at 171.51 (L: 171.42 / H: 171.75)
* Sep BTP futures (IK) up 21 ticks  at 132.07 (L: 131.67 / H: 132.28)
* Sep OAT futures (OA) down 24 ticks  at 163.31 (L: 163.23 / H: 163.62)

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.