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AUD

AUD Edges Lower After Volatile Wednesday

JGB TECHS

(Z1) Bearish Trend Condition

AUSSIE BONDS

U.S. Tsys Help Futures To Twist Flatten Overnight

US TSYS

Post-FOMC Twist Flattening

NZD

Heavy Start

RBNZ

Reserve Bank Tightens LVR Restrictions

BOND SUMMARY

Bunds and Gilts are off the highs in early trade, though equities likewise have come off an early move higher. Periphery spreads tightening, with 10-Yr BTP yields at an all-time low (0.747%).

  • Aug UK GDP and French indu. prod came in weaker than expected. Italy IP up at 0900BST, and that's pretty much it for European data this week.
  • UK Chancellor Sunak to announce a job support plan for COVID-hit lockdown areas today. Attention still very much on UK-EU relations ahead of next week's EU Summit.
  • BoE's Haldane speaks at 1540BST. No supply today.

Latest levels:

  • Dec Bund futures (RX) up 14 ticks at 174.62 (L: 174.5 / H: 174.74)
  • Dec Gilt futures (G) up 9 ticks at 135.37 (L: 135.33 / H: 135.46)
  • Dec BTP futures (IK) up 9 ticks at 149.04 (L: 148.96 / H: 149.13)
  • Dec OAT futures (OA) up 15 ticks at 168.93 (L: 168.89 / H: 169.05)
  • Italy / German 10-Yr spread 0.1bps tighter at 128.1bps