Free Trial

EGB/Gilt - Attention turns to the US NFP tomorrow

BONDS
  • A more steady afternoon session for EGBs and Bund, but still a 150 ticks range for the Bund.
  • Most investors are on the sideline, as they await the more important US NFP tomorrow.
  • Peripheral spreads have widened against the German 10yr, Greece is in the lead by 15.2bps.
  • Gilt are off the low, but 60 ticks down at the time of typing, and outperforms Bund.
  • A decent wide range session for Gilt, at 99 ticks, with below average volumes.
  • Looking ahead, BoE Pill, Fed Waller and Bullard are the scheduled speakers.
  • Sep Bund futures (RX) down 123 ticks at 150.7 (L: 150.15 / H: 151.65).
  • Germany: The 2-Yr yield is up 12.4bps at 0.512%, 5-Yr is up 10.7bps at 0.928%, 10-Yr is up 8bps at 1.286%, and 30-Yr is up 4bps at 1.563%.
  • Sep Gilt futures (G) down 64 ticks at 115.31 (L: 114.66 / H: 115.65)
  • UK: The 2-Yr yield is up 6.7bps at 1.82%, 5-Yr is up 5.1bps at 1.797%, 10-Yr is up 2.4bps at 2.116%, and 30-Yr is up 1.1bps at 2.549%.
  • Sep BTP futures (IK) down 151 ticks at 123.66 (L: 123.02 / H: 124.95)
  • Sep OAT futures (OA) down 97 ticks at 140.1 (L: 139.38 / H: 140.87)
  • Italian BTP spread up 5bps at 199.8bps
  • Spanish bond spread up 2.6bps at 109.9bps
  • Portuguese PGB spread up 3.4bps at 111bps
  • Greek bond spread up 15.6bps at 224.8bps

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.