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USDCAD TECHS

Heading South

AUDUSD TECHS

Northbound

EURJPY TECHS

Breaches Key Short-Term Support

US TSYS

Late SOFR/Treasury Option Trade

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EGBs-GILTS: Plenty Of Data

BOND SUMMARY

Bunds and Gilts are weaker on the return from holidays for the UK and US, with periphery spreads tighter, EUR and GBP and equities stronger. Data in focus this morning.

  • Manufacturing PMIs the focus for Spain (59.4, basically in line) and Italy (coming up at 0845BST); Greece at 0900BST; the rest are Finals.
  • Italian Apr unemployment at 0900BST, Eurozone flash May CPI at 1000BST, alongside Italian final Q1 GDP.
  • Germany sells E0.8bln of linkers.
  • BOE's Bailey is the only central bank speaker (1600BST).

Latest levels:

  • Jun Bund futures (RX) down 20 ticks at 169.74 (L: 169.71 / H: 170.06)
  • Sep Gilt futures (G) down 36 ticks at 126.89 (L: 126.88 / H: 127.18)
  • Jun BTP futures (IK) up 10 ticks at 147.42 (L: 147.27 / H: 147.5)
  • Italy / German 10-Yr spread 1.6bps tighter at 108bps

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