Free Trial

EGBs-GILTS: Choppy Start

BOND SUMMARY

A choppy start to Tuesday trading, with Gilts and Bunds fluctuating before tentatively resolving in an upward direction (despite equities pushing higher).

  • A falling Pound is leading Gilts lower, with Brexit concerns lingering.
  • Gilts perhaps also assisted by earlier data showing labor market weakness in Nov, though the release was mixed overall with revisions etc.
  • Periphery EGB yields falling, Italy and Spain 10-Yrs for example at/near record lows.
  • ECB's Rehn (0900GMT) and Lane (1405GMT) are today's speakers, and there's no bond supply today.

Latest levels:

  • Mar Bund futures (RX) up 5 ticks at 178.47 (L: 178.34 / H: 178.53)
  • Mar Gilt futures (G) up 8 ticks at 135.27 (L: 135.19 / H: 135.35)
  • Mar BTP futures (IK) up 9 ticks at 152.27 (L: 152.15 / H: 152.33)
  • Italy / German 10-Yr spread 0.5bps tighter at 115.6bps

To read the full story

Close

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.