Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
Reporting on key macro data at the time of release.
Real-time insight on key fixed income and fx markets.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- Political RiskPolitical Risk
Intelligence on key political and geopolitical events around the world.
- About Us
Sign up now for free access to this content.
Please enter your details below and select your areas of interest.
European sovereign bonds traded weaker this morning before news that the US is calling for a pause on the Johnson & Johnson vaccine due to clotting fears triggered a leg higher for core EGBs.
- Gilts now trade above yesterday's close with the curve a touch flatter.
- The bund curve has similarly bull flattened with the 2s30s spread 1bp narrower on the day.
- OAT yields are 1bp lower at the longer end.
- The UK economy returned to positive growth in February, despite the national lockdown. The industrial sector has fared particularly well with output beating expectations.
- Supply this morning came from the UK (Gilt , GBP1bn), Germany (Linker, EUR0.387bn allotted), Italy (BTPs, EUR7.75bn), Spain (Letras, EUR6.752bn), Belgium (TCs, EUR2.0bn), Finland (RFTBs, EUR2.0bn), the ESM (Bills, EUR.1bn). Syndications today include: Spain (15-year bond) Austria (dual tranche for 4-/50-year issues) and the Netherlands (0% Jan-38 DSL).