Free Trial

EGBs are down across the board with.....>

EGB SUMMARY: EGBs are down across the board with the market correcting some of
yesterday gains but the broader risk off sentiment remains. 
- The Mar 19 Bund future is down 17 ticks at 164.47, having traded in a range of
164.38-165.1 today.
- The long end of the Bund curve has been the days underperformer - in part due
to their outperformance yesterday - the 10yr yield down 1.5bps at 0.18%, and
30-yr down 2bps at 0.82%. The 2s10s has steepened 0.8bps to 88bps.  
- Italian BTPs are on track to record their biggest one day lose for 3-months,
the Mar 19 BTP future down 131 ticks at 126.99.
- Most of the loses have been seen in the belly of the BTP curve where the 5-yr
and 10-yr yields have risen 11.5bps and 13.5bps respectively.  
- Spain issued a combined E3.05bln in nominal and linker bonds with maturities
ranging from 3-15yrs. Demand at this auction was slightly lower than at the last
across all the bonds. 
- Tomorrow is a big day for data with both services & composite PMI alongside
German employment and Eurozone inflation. 

To read the full story



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.