Free Trial

EGB/Gilt - recover from the lunchtime lows

BONDS
  • A more subdued afternoon session for EGBs and Bund, but still another 111 ticks for Bund.
  • Govies are retracing from lunchtime lows, as EU desk squares.
  • US PPI was mixed but pretty much in line with expectation and had no real impact for the markets.
  • All peripherals are wider, but within past ranges.
  • Italy and Greece are leading against the German 10yr, by 2.9 and 3.4bps respectively.
  • Gilt/Bund spread is 1.1bp tighter at the time of typing, but overall the spread still trades close to its widest levels since November 2015, now at 142.7bps vs a 145.30bps peak last week and highest since 2015.
  • Looking ahead, ECB Villeroy is at Camdessus Central Banking Lecture.

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.