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Durable goods and Fed speakers among today's highlights

BOND SUMMARY
  • Treasuries and Bunds have recovered weakness seen overnight to be largely unchanged versus yesterday's closing levels at writing, while gilts are also largely unchanged.
  • The highlight of the data calendar today will be US durable goods orders while Fed's Williams and George are both scheduled to speak.
  • In the UK focus continues on yesterday's announcement from the Chancellor on the new job support scheme and whether it will be good enough while some media reports earlier today have suggested that the tone of Brexit talks has improved over recent days ahead of the ninth round of official talks next week.
  • TY1 futures are down unchanged today at 139-18+ with 10y UST yields down -0.5bp at 0.663% and 2y yields unch at 0.134%.
  • Bund futures are up 0.04 today at 174.48 with 10y Bund yields down -1.6bp at -0.518% and Schatz yields down -0.5bp at -0.708%.
  • Gilt futures are up 0.09 today at 136.30 with 10y yields down -1.5bp at 0.203% and 2y yields down -1.5bp at -0.69%.

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