Free Trial

EGB/Gilt - Recover from the lows

BONDS
  • EGBs and Bund have recovered from the lows, with Bund bouncing on receiving interest after testing the noted 1.3% Yield level, tested 1.297% high.
  • Italy continues to outperform on the ECB FT piece.
  • BTP/Bund spread sits 4.7bps tighter at the time of typing.
  • Gilt underperforms, as its catches up with the European price action, after the UK were closed last Thursday/Friday.
  • Gilt/Bund spread is 2.5bps wider.
  • Main news for the UK, is Boris Johnson facing a vote of no confidence, from18.00BST.
  • Looking ahead, there are no data or speakers of note for the session, with all the attention turning to the ECB this week.

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.