Free Trial

EGB/Gilt - Trade in the red

BONDS
  • EGBs and Bund remain in the red today, with reflation trades going through ahead of the US CPI on Wednesday.
  • Equities and Bonds are all lower.
  • Bund initial support at 169.70 has so far held, but main area of interest is still at the 0.00% yield level, which would equate to 169.34 today.
  • Peripherals are trading mixed against Germany, Greece is 2.6bps wider, while Italy is 2.7bps tighter.
  • Gilts have mostly traded in line with Bunds, translating in a flat spread (0.3bp tighter)
  • Gilt futures are down -0.14 today at 122.88 with 10y yields up 1.3bp at 1.190% and 2y yields up 1.3bp at 0.832%.
  • Bund futures are down -0.22 today at 169.78 with 10y Bund yields up 1.4bp at -0.31% and Schatz yields up 0.8bp at -0.591%.
  • BTP futures are up 0.17 today at 145.56 with 10y yields down -1.2bp at 1.300% and 2y yields down -1.9bp at -0.81%.
  • OAT futures are down -0.13 today at 161.97 with 10y yields up 0.9bp at 0.294% and 2y yields up 1.4bp at -0.646%.

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.