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EGB/Gilt - Better offered today

BONDS
  • Bund have remained within this morning's ranges, albeit better offered on the session.
  • Peripheral spreads are mostly wider, Italy by 1.1bps, although Greece is still a touch tighter, by 0.3bp
  • Gilts have outperformed today, bringing the Gilt Bund spread a little tighter at 122bps.
  • Most of the focus this week remains on NFP Friday
  • Dec Bund futures (RX) down 21 ticks at 170.01 (L: 169.92 / H: 170.55)
  • Germany: The 2-Yr yield is up 0.4bps at -0.699%, 5-Yr is up 1bps at -0.571%, 10-Yr is up 1.8bps at -0.206%, and 30-Yr is up 2.3bps at 0.279%.
  • Dec Gilt futures (G) up 6 ticks at 125.39 (L: 125.16 / H: 125.62)
  • UK: The 2-Yr yield is up 0.4bps at 0.403%, 5-Yr is up 0.4bps at 0.627%, 10-Yr is up 1.1bps at 1.013%, and 30-Yr is up 1.9bps at 1.386%
  • Dec BTP futures (IK) down 30 ticks at 152.2 (L: 151.97 / H: 152.53)
  • Dec OAT futures (OA) down 21 ticks at 166.18 (L: 166.1 / H: 166.76)
  • Italian BTP spread up 0.9bps at 104.5bps
  • Spanish bond spread up 0.4bps at 65.1bps
  • Portuguese PGB spread up 0.4bps at 54.9bps
  • Greek bond spread down 0.6bps at 106.9bps

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