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USDCAD TECHS

Circling Major Support

US TSYS SUMMARY

Stocks and Rates Near Session Highs Late

AUDUSD TECHS

Tepid Bounce

LATAM

OUTLOOK: WEEK AHEAD

US EURODLR OPTIONS

Nice Mark for Early Put Buyer

EGBs-GILTS CASH CLOSE: Awaiting Conte

BONDS
Bonds gained all afternoon with weaker equities. Interest in Italian politics grew after the cash close, with reports that PM Conte would resign Tuesday morning in a bid to gain a mandate from President Mattarella to form a new government with broader backing. Italian spreads dropped in the cash session, while BTP futures regained lost ground following the Conte headlines in the post-cash session.
Closing levels:
  • Germany: The 2-Yr yield is down 2bps at -0.727%, 5-Yr is down 2.8bps at -0.744%, 10-Yr is down 3.8bps at -0.55%, and 30-Yr is down 3.9bps at -0.136%.
  • UK: The 2-Yr yield is down 0.8bps at -0.133%, 5-Yr is down 2.7bps at -0.062%, 10-Yr is down 4.6bps at 0.262%, and 30-Yr is down 5.8bps at 0.834%.
  • Italian BTP spread down 3.5bps at 122.8bps
  • Spanish bond spread down 1.2bps at 62.3bps
  • Portuguese PGB spread down 1.1bps at 57.2bps
  • Greek bond spread up 1.8bps at 123.4bps
MNI London Bureau | +44 203-865-3807 | tim.cooper@marketnews.com