EGBs-GILTS CASH CLOSE: Greek 30-Yr Mandate Hits GGBs

The UK and German curves saw fairly limited changes Tuesday, with periphery spreads wider on the session.

• Gilts and Bunds toward the close, following a slow grind lower over the morning and early afternoon.
• Greek bonds underperformed (10-Yr +4.4bps to Bunds) after the country issued a mandate for a 30-Yr bond syndication, while France sold E7bn of 2044 Green OAT. UK sold GBP5.0bn of nominal +linker Gilts, Germany allotted EUR3.9bn of Schatz, and Finland sold E1bn of RFGB.
• Otherwise, most of the day's headlines were devoted to the suspension of AstraZeneca vaccine administration across Europe over safety concerns, and the associated political and economic fallout. The EMA said today it would provide guidance on the vaccine on Thursday.

Closing yields/10-Yr Spreads to Bunds:

• Germany: The 2-Yr yield is up 0.4bps at -0.69%, 5-Yr is down 0.1bps at -0.647%, 10-Yr is down 0.2bps at -0.336%, and 30-Yr is unchanged at 0.201%.
• UK: The 2-Yr yield is down 0.4bps at 0.093%, 5-Yr is down 0.8bps at 0.367%, 10-Yr is down 1.3bps at 0.785%, and 30-Yr is down 1bps at 1.319%.
• Italian BTP spread up 2.9bps at 96.2bps /Spanish spread up 1.7bps at 65bps