Free Trial
CZECHIA

10Y Yield Testing 4.29% Support

NATURAL GAS

Revised EU Gas Aims for Approval Today

USDCAD TECHS

Key Support Remains Exposed

SPAIN DATA

PPI Slows for Third Consecutive Month

USD

Seeing some buying interest

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

EGB/Gilt - A week for the history books

BONDS
  • Another extremely busy session with massive ranges and fast market action.
  • SNB surprise 50bps hike set out the tone this morning for Europe, EGBs and Bund, with Yield rallying to new multi year highs.
  • Govies have since bounce off their lows as desks square, but futures are well short of their session highs.
  • Peripherals spread have continued to tighten, with Italy by another 13bps and Greece 10bps.
  • Equities are falling on recession fears, as CBs hikes, with 75bps from the Fed yesterday.
  • A massive session for Gilt also, with BoE delivering the expected 25bps hike to 1.25%, but the Bank of England left the door open to potentially larger hikes in upcoming meetings.
  • Gilt/Bund spread is flat on the session.
  • Looking ahead, there's nothing left for the session, tomorrow sees the EU final CPI, US IP and speakers include BoE Tenreyro, Pill, ECB Simkus and Fed Powell.
  • Gilt futures are down 168 ticks at 111.00
  • Bund futures are down -2.11 today at 142.50 with 10y Bund yields up 14.5bp at 1.784% and Schatz yields up 14.8bp at 1.212%.
  • BTP futures are down -0.58 today at 117.23 with 10y yields up 3.9bp at 3.846% and 2y yields up 2.8bp at 1.791%.
  • OAT futures are down -1.55 today at 133.59 with 10y yields up 12.2bp at 2.344% and 2y yields up 13.7bp at 1.038%.
211 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • Another extremely busy session with massive ranges and fast market action.
  • SNB surprise 50bps hike set out the tone this morning for Europe, EGBs and Bund, with Yield rallying to new multi year highs.
  • Govies have since bounce off their lows as desks square, but futures are well short of their session highs.
  • Peripherals spread have continued to tighten, with Italy by another 13bps and Greece 10bps.
  • Equities are falling on recession fears, as CBs hikes, with 75bps from the Fed yesterday.
  • A massive session for Gilt also, with BoE delivering the expected 25bps hike to 1.25%, but the Bank of England left the door open to potentially larger hikes in upcoming meetings.
  • Gilt/Bund spread is flat on the session.
  • Looking ahead, there's nothing left for the session, tomorrow sees the EU final CPI, US IP and speakers include BoE Tenreyro, Pill, ECB Simkus and Fed Powell.
  • Gilt futures are down 168 ticks at 111.00
  • Bund futures are down -2.11 today at 142.50 with 10y Bund yields up 14.5bp at 1.784% and Schatz yields up 14.8bp at 1.212%.
  • BTP futures are down -0.58 today at 117.23 with 10y yields up 3.9bp at 3.846% and 2y yields up 2.8bp at 1.791%.
  • OAT futures are down -1.55 today at 133.59 with 10y yields up 12.2bp at 2.344% and 2y yields up 13.7bp at 1.038%.