Free Trial

EGB/GILT - Yield still at multi year highs

BONDS
  • Another large trading range session, but once again, for the type of volumes you would expect to see on a 153 ticks range, they fall below par.
  • Nonetheless, Bund led Europe lower, flushing out longs, and the Contract tested the next half percent yield target, printing a 0.55% high.
  • Similar story on the German strip, with 5yr yield testing highest levels since 2014 and 2015 for the 2yr Schatz.
  • Govies are still deep in red territory, but are off their lows, on receiving interest, and also headline "U.S., NATO Prepare for Russian Nuclear Incident in Ukraine War"
  • Gilt have outperformed Bund, and the Gilt/Bund spread trades 3.3bps tighter.
  • Looking ahead, Bank of Portugal Releases March Economic Bulletin, and ECB Schnabel is speaking.

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.