Free Trial

EGB/Gilt

BOND SUMMARY

Markets are trading in a more caution fashion following the recent burst of equity gains and some uncertainty over the rollout of Covid vaccines following the admission from Oxford AstraZeneca that its vaccine trial data was published with error.

  • Gilts have traded a touch weaker with cash yields up to 1bp higher and the curve close to flat overall.
  • Bunds are trading close to unch on the day. Last yields: 2-year -0.7654%, 5-year -0.7723%, 10-year -0.5889%, 30-year -0.1844%.
  • OATs trade in line with bunds.
  • BTPs similarly trade close to unch on the day. Last yields: 2-year -0.4186%, 5-year 0.0261%, 10-year 0.6025%, 30-year 0.9704%.
  • Supply this morning came from Italy (BTP/CCTeu, EUR8.0bn).
  • Both the UK and EU continue to assert that significant differences remain in the effort to negotiate a Brexit trade deal. Chief EU negotiator Michel Barnier is due to travel to the UK for talks, despite the lack of progress.

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.