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EGB/Gilt - Just off the high Yields

BONDS
  • A more subdued afternoon session, after a busy start in Europe, when Global Yields new cycle highs.
  • Bund tested the 0.95% yield level, printed a 0.956% high.
  • Above the latter would open to 1.00% = 152.71.
  • Peripheral spreads have moved tighter today, with Greece in the lead by 5.6bps.
  • Gilt/Bund spread traded initially wider during the morning European session, but Gilt has now settled to trade in line with, translated in flat Gilt/Bund spread.
  • Looking ahead, Fed Evans and Bostic, and earnings from Netflix and IBM after markets

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