Free Trial

/EGBs-GILTS: Periphery spreads are.....>

BOND SUMMARY
BOND SUMMARY: /EGBs-GILTS: Periphery spreads are tighter while core FI is weaker
(w bear flattening in cash curves), albeit in cohppy trade.
- Moody's non-update on Italy Friday seen positive for risk.
- ECB's Schnabel interviewed in La Repubblica published earlier, put out a
defiant line on the German constitutional court decision (in line w recent
communications from the bank/European Commission).
- Main scheduled event today: next round of talks on the UK-EU future
relationship begin with a plenary session at 1500CET.
- Italy Mar industrial production at 0900BST the only noteworthy data point.
** Latest levels:
* Jun Bund futures (RX) down 37 ticks at 173.4 (L: 173.28 / H: 173.74)
* Jun Gilt futures (G) down 33 ticks at 137.36 (L: 137.24 / H: 137.51)
* Jun BTP futures (IK) down 37 ticks at 137.93 (L: 137.82 / H: 138.59)
* Italy / German 10-Yr spread 4.3bps tighter at 233.9bps

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.