Free Trial

Core FI a little lower this morning

BONDS
  • After some strength early in the European morning session, particularly for Bunds, on the back of a softer-than-expected Spanish inflation print, we have seen core fixed income reverse its gains and is now marginally lower than yesterday's closing levels.
  • The other notable data this morning has seen some regional German CPI prints. 3/5 have been roughly in line and two higher than the consensus for the national print which is due out at 13:00BST / 8:00ET.
  • Outside of European inflation prints, focus will be on the first print of US GDP for Q1. Consensus looks for a 1.0% print with most estimates in the range of 0.0-1.5%.
  • TY1 futures are down -0-0+ today at 119-25 with 10y UST yields down -1.1bp at 2.823% and 2y yields down -0.8bp at 2.585%.
  • Bund futures are down -0.16 today at 155.30 with 10y Bund yields up 1.8bp at 0.817% and Schatz yields up 2.4bp at 0.117%.
  • Gilt futures are down -0.15 today at 119.27 with 10y yields up 2.0bp at 1.830% and 2y yields up 2.5bp at 1.507%.

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.