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EGB/Gilt - UK10yr  yield test support

BONDS
  • Another busy session for Govies, with further rallies, once again led by the Gilts.
  • Peripheral spreads are mixed today, Greece is 1.4bp wider, while Spain and Italy are 0.7bp tighter.
  • Continued outperformance ibn the longer end push the curve flatter.5s/30s is at session low, while 2s/10s has given back its steepening bias, after we printed steepest levels this Months, albeit just 4 sessions.
  • Gilt/Bund spread is tighter by another 3.6bps today, and have tightened 10.5093bps since Wednesday
  • UK 10yr yield continues to trend at lowest level, since immediate support in Yield at 0.849%, so far printed 0.845% low

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