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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.
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Free AccessEGBs-GILTS CASH CLOSE: Bunds And Gilts Hit Again
A generally risk-on session - with UK equities and Sterling outperforming in their respective asset classes - saw Bunds and Gilts yields rise for a second consecutive day, with periphery spreads tightening slightly.
- Our positioning indicator suggests longs were reduced yesterday across most EGB/Gilt contracts amid the sell-off, however to this point, only OATs hold structural shorts.
- A quiet schedule lies ahead Wednesday, with ECB's Lagarde speaking, and Gilt linker and German 2050 Bund supply.
Closing Levels / 10-Yr Periphery EGB Spreads:
- Germany: The 2-Yr yield is up 1.8bps at -0.711%, 5-Yr is up 2.4bps at -0.698%, 10-Yr is up 2.4bps at -0.485%, and 30-Yr is up 2.6bps at -0.045%.
- UK: The 2-Yr yield is up 1bps at 0.006%, 5-Yr is up 2bps at 0.045%, 10-Yr is up 2.9bps at 0.401%, and 30-Yr is up 2.9bps at 0.992%.
- Italian BTP spread down 1.9bps at 124.7bps
- Spanish bond spread down 2.4bps at 67.1bps
- Portuguese PGB spread down 2.6bps at 63.4bps
- Greek bond spread down 5.2bps at 132.7bps
To read the full story
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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.