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EGBs - Yields edge higher

BONDS
  • EGBs and Bund Yield continues to rise today, as we start a busy week.
  • Bund yield is through 0.80%, Italian 10yr yield has cleared the 2.40%, albeit off the high, highest print since 2020.
  • Bobl 5yr yield is highest since 9th May 2014.
  • UK 10yr Yield peaked to the highest level since 15/01/16, through 1.80%, now at 1.82% at the time of typing.
  • Peripherals continue to tighten, Greece in the lead, by 13.8bps, and the spread tested the April low at 201.7, the tightest level since 4th February.
  • Looking ahead, Fed’s Evans speaks on Economy and Monetary Policy.
  • -Gilt futures are down -0.76 today at 119.16 with 10y yields up 8.3bp at 1.831% and 2y yields up 6.7bp at 1.537%.
  • Bund futures are down -1.47 today at 155.10 with 10y Bund yields up 10.5bp at 0.809% and Schatz yields up 8.3bp at 0.129%.
  • BTP futures are down -0.89 today at 133.88 with 10y yields up 3.9bp at 2.435% and 2y yields up 2.4bp at 0.520%.
  • OAT futures are down -0.57 today at 147.48 with 10y yields up 3.7bp at 1.296% and 2y yields up 6.8bp at 0.183%.

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