Free Trial

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

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.