Free Trial

Curves Steeper On BoJ

EGBS

The bearish core global FI impulses witnessed since yesterday’s EGB close bias EGBs cheaper and steeper at the re-open, with the BoJ YCC moves outlined elsewhere outweighing a softening in the regional German NRW CPI print. The German curve bear steepens, with the major benchmarks sitting 3-10bp cheaper, a little off session cheaps. Similar, although slightly more pronounced moves, are seen across the remainder of the core/semi-core EGB curves, biasing 10-Year spreads wider. Peripherals are little changed to a touch wider vs. Bunds on the day.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.