Free Trial

EGB/Gilt: Broadly Weaker

BOND SUMMARY

European government bonds have broadly traded weaker this morning with equities mixed.

  • Gilt yields are 1-2bp higher with the curve similarly 1-2bp steeper.
  • German bond yields are also 1-2bp lower with the belly of the curve slightly underperforming on the day.
  • OATs sold off early in the session before recovering losses and trading back near yesterday's closing levels.
  • The short-end/belly of the BTP curve is flat on the day, while the longer end is a touch firmer with yields 1bp lower.
  • Supply this morning came from France (OATs, EUR10.491bn, Linkers, EUR2.979bn), Spain (Bonos/Oblis, EUR5.386bn) and Ireland (IRTBs, EUR0.75bn).

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.