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Core FI moves off intraday highs

BONDS
  • Bunds have retreated from their highs of the day - around 20 ticks off the 113.98 intraday high and around 45 ticks higher on the day with a high of 134.11 seen yesterday.
  • Similar moves are seen across EGB futures: BTP futures up 45 ticks, around 20 ticks off the intraday high of 109.83 today below yesterday's high at 109.89.
  • Treasury futures are approaching the lowest levels seen in the European session, currently at 112-11. This is still up 0-05 on the day, but down from an intraday high of 112-16
  • Gilt futures opened at their high of the day (surpassing yesterday's high) with 99.18 printed according to Bloomberg data. We are now 26 ticks lower on the day at 99.81 at writing.
  • In terms of curve moves we have seen some flattening in the US and German curves this morning but a largely parallel move in the gilt curve.

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