Free Trial
USDCAD TECHS

Remains Vulnerable

AUDUSD TECHS

Trend Needle Points North

US TSYS

Bonds Near Highs, Yield Curves Flatter

EURJPY TECHS

Bearish Outlook

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

EGBs-GILTS CASH CLOSE: BTP Spreads Narrow As Volatility Pulls Back

BONDS

EGBs saw fairly wide swings through Friday trade, though were ultimately bound within Thursday's ranges and with less volatility than in the prior two sessions.

  • Core FI yields were directionless for most of the session, ultimately resolving lower toward the weekly close as equities and oil prices dropped along a strengthening USD.
  • Periphery EGB spreads held their early narrowing on overnight comments by Lagarde nodded to the ECB containing spreads. Bunds bull steepened and outperformed Gilts.
  • The UK curve twist flattened, with more BoE hike bets boosting 2Y yields.

Closing Yields / 10-Yr Periphery EGB Spreads To Germany:

Keep reading...Show less
161 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

EGBs saw fairly wide swings through Friday trade, though were ultimately bound within Thursday's ranges and with less volatility than in the prior two sessions.

  • Core FI yields were directionless for most of the session, ultimately resolving lower toward the weekly close as equities and oil prices dropped along a strengthening USD.
  • Periphery EGB spreads held their early narrowing on overnight comments by Lagarde nodded to the ECB containing spreads. Bunds bull steepened and outperformed Gilts.
  • The UK curve twist flattened, with more BoE hike bets boosting 2Y yields.

Closing Yields / 10-Yr Periphery EGB Spreads To Germany:

Keep reading...Show less