Free Trial

EGB yields continues to push lower in...>

EGB SUMMARY
EGB SUMMARY: EGB yields continues to push lower in the aftermath of Draghi's
comments on the possibility of further asset purchases should economic
conditions deteriorate further. 
- The EUR 5y5y forward inflation swap has rebounded sharply today and currently
trades at 1.21% up from 1.14 at yesterday's close.
- German bunds remain bid, with the curve bull flattening. Current yield levels:
2-year -0.753%, 5-year -0.663%, 10-year -0.305%, 30-year 0.268%.
- The French OAT curve has similarly flattened sharply on the back of the very
long-end outperforming. The 30-benchmark yield is down 11bp on the day and 2s30s
has narrowed 6bp.
- The early morning rally in Italian BTPs is still in play. Yields are 12-15bp
lower. The 10-year BTP-Obli spread has narrowed to 170.4bp down from 177.7bp.

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.