Free Trial

EGB/Gilt - Trade off their lows

BONDS
  • A lighter volume session for EGBs and Bund, with US cash market closed for Independence day.
  • Futures have nonetheless, traded heavy but off their session lows at the time of typing.
  • Peripheral spread are still mixed, with Greece is 9.8bps tighter, while Italy is still 6.4bps wider.
  • Gilt lags Bund to the downside, but is still down 116 ticks.
  • Looking ahead, ECB's Guindos Speaks.
  • Tomorrow sees final services PMIs for France, Germany and EU.
  • Gilt futures are down -1.09 today at 114.88 with 10y yields up 9.9bp at 2.182% and 2y yields up 11.5bp at 1.776%.
  • Bund futures are down -1.42 today at 149.43 with 10y Bund yields up 9.3bp at 1.322% and Schatz yields up 10.3bp at 0.602%.
  • BTP futures are down -1.63 today at 123.97 with 10y yields up 15.0bp at 3.229% and 2y yields up 8.8bp at 1.070%.
  • OAT futures are down -1.50 today at 139.11 with 10y yields up 12.1bp at 1.915% and 2y yields up 9.4bp at 0.511%.

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.