EGB/GILT SUMMARY- Better bid post supplies

EGBs were initially better offered weighted by a decent amount of supplies for the European session.

• Morning session saw Netherlands 2031, German 7yr, Austria 2025 and 2031.
• Bund have since gained some ground with Equities dipping following multiple global websites going offline due to an outage.
• It appears like it's an outage at Fastly that is causing multiple related websites' outages.
• Peripheral spreads are trading wider, with Greece by 2.7bps.
• Gilts have mainly traded in line with EGBs,, with upside initially limited by the UK supply 2026 & 2071.
• Curves are generally trading bull flatter.
• Looking ahead, very little in terms of tier 1 data for today, some focus on US $58bn 3yr note.
• All attention remains of Thursday's ECB and US CPI.
• Bund futures are up 0.13 today at 170.25 with 10y Bund yields down -1.2bp at -0.211% and Schatz yields down -0.2bp at -0.671%
• BTP futures are up 0.02 today at 147.63 with 10y yields up 0.2bp at 0.916% and 2y yields up 0.5bp at -0.355%.
• OAT futures are up 0.18 today at 160.69 with 10y yields down -1.1bp at 0.160% and 2y yields up 0.5bp at -0.641%.
• Gilt futures are unch today at 128.19 with 10y yields down -1.0bp at 0.795% and 2y yields up 0.2bp at 0.083%.