EGB/Gilt -Yields rises

Some recovery in Equity has put renewed pressure into Govies.

• Bund and EGBs have moved lower this afternoon, with Bund trading through initial small support at 169.92, printed 169.831at the time of typing.
• Next target is at that -0.18% yield area, circa 169.50sPeripherals are a touch tighter, Greece leading by just 0.5bp.
• Gilt/Bund has moved wider by 3.3bps, and we look to test next upside resistance at 127.7791 (23/06/2016 high).
• The spread is now at 126bps
• Looking ahead, ECB Lagarde and Fed Quarles are the speakers left for the session,
• Dec Bund futures (RX) down 24 ticks at 169.87 (L: 169.81 / H: 170.39)
• Germany: The 2-Yr yield is up 0.4bps at -0.699%, 5-Yr is up 1.2bps at -0.562%, 10-Yr is up 1.8bps at -0.196%, and 30-Yr is up 1.9bps at 0.287%.
• Dec Gilt futures (G) down 57 ticks at 124.89 (L: 124.85 / H: 125.53)
• UK: The 2-Yr yield is up 3.9bps at 0.445%, 5-Yr is up 4.4bps at 0.673%, 10-Yr is up 5.5bps at 1.066%, and 30-Yr is up 5.4bps at 1.433%.
• Dec BTP futures (IK) down 11 ticks at 152.15 (L: 152.1 / H: 152.69)
• Dec OAT futures (OA) down 19 ticks at 166.07 (L: 166.02 / H: 166.59)
• Italian BTP spread down 0.6bps at 103.8bpsSpanish bond spread down 0.6bps at 64.4bps
• Portuguese PGB spread down 0.4bps at 54.4bps
• Greek bond spread down 0.7bps at 106.8bps