Free Trial

/EGBS-GILTS: Core EGB and Gilt.........>

BOND SUMMARY
BOND SUMMARY: /EGBS-GILTS: Core EGB and Gilt yields are heading lower early
Tuesday, as geopolitical risks remain front of mind and ahead of bond supply.
- Strong European open this morning (Iran-US tensions cited) amid fairly low
liquidity, but volumes beginning to pick up. 
- 10-Yr Bund yields have hit a new low at -0.330%. Schatz yields remain off
recent lows though (-0.744%), with supply coming up later this morning.
- Italy also selling 2-Yr zero-coupon bonds, as well as longer-term BTPei.
- Meanwhile, UK DMO sells 1.75% Jan-49 Gilt this morning as well.
- Fairly limited reac to France Business Climate numbers, broadly in line.
- ECB's de Guindos reiterated concerns about negative rates on banks.
- ECB`s Coeure appears after hours in Frankfurt. 
- Euribor/Short Stg futures little changed. Latest EGB futures prices:
* Sep Bund futures (RX) up 28 ticks at 172.75 (L: 172.45 / H: 172.86)
* Sep BTP futures (IK) down 3 ticks at 133.48 (L: 133.25 / H: 133.61)
* Sep OAT futures (OA) up 21 ticks at 164.69 (L: 164.47 / H: 164.79)
* Sep Gilt futures (G) up 10 ticks at 130.73 (L: 130.52 / H: 130.81)

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.