Free Trial

/EGBs-GILTS: A bit of bear.............>

BOND SUMMARY
BOND SUMMARY: /EGBs-GILTS: A bit of bear steepening in Core FI curves alongside
broadly tighter periphery spreads early on in European trading
(Spain/Portugal/Greece narrower, Italy out slightly). It's looking like a
largely risk-on day so far, with equities higher.
- Spain flash May inflation was broadly in line with survey; German state
inflation worth watching this morning ahead of the national print (so far,
Saxony came in at +0.1 M/M, above nat'l est of -0.1%.
- Eurozone confidence indicators out too.
- In issuance, we get the UK selling 1.25% Jul-27 and 1.75% Jan-49 with total
GBP4.75bln on offer.
- BoE's Saunders to speak on Covid and monpol at 1100BST.
** Latest levels:
* Jun Bund futures (RX) down 23 ticks at 171.84 (L: 171.68 / H: 171.97)
* Sep Gilt futures (G) down 28 ticks at 137.09 (L: 137.05 / H: 137.23)
* Jun BTP futures (IK) down 36 ticks at 141.82 (L: 141.7 / H: 142.29)

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.