EGB/Gilts - Holding onto gains

EGBs have stayed better bid throughout the afternoon session.

• Bund did print above yesterday's high, but the contract is once again trading circa at its mid range, with some offers appearing post the US Factory Orders beat.
• Bund spreads have dominate the contract's volume.
• Peripherals are mixed, Greece is 1.4bp wider, while Italy and Spain are 1bp tighter.
• Gilts have stayed in a tight 23 ticks range (128.52/128.75)Curve is flatter, but most desk await for the US NFP and ISM tomorrow.
• Looking ahead, we still have US Fed Bostic (Eco opportunity), and Daly (Inclusive Economy)
• Gilt futures are up 0.21 today at 129.73 with 10y yields down -1.3bp at 0.679% and 2y yields down -0.8bp at 0.189%.
• Bund futures are up 0.22 today at 175.45 with 10y Bund yields down -1.1bp at -0.386% and Schatz yields down -0.4bp at -0.725%
• BTP futures are up 0.38 today at 153.78 with 10y yields down -2.4bp at 0.666% and 2y yields down -2.0bp at -0.512%
• OAT futures are up 0.30 today at 161.43 with 10y yields down -1.4bp at -0.41% and 2y yields down -0.5bp at -0.708%.