Trial now
BTP

Underperforms in EGBs

US TSY FUTURES

Yld Curves Extend Steeper

RUSSIA

Inflation Expectations Rise in June

BONDS

US, UK and Germany bear steepening

Elevated volumes in the 2yr

EGB FLOWS

A very subdued session for Bund, as the contract trade in a 22 tick range (176.02-176.24),

  • Most investors seems to be on the sideline, with plenty of risk ahead, and the potential for a no deal Brexit changing the whole outlook..
  • EU/UK trade talks are expected to resume before the end of the week.
  • German curve continues to trade flat and volumes are generally below averages.
  • But worth noting, the elevated volume in the Schatz, with the contract trading more than Bunds.
  • Some suggest, possibly related to basis trade,
  • Schatz trades in 1.5 tick range (112.445-112.46)
MNI London Bureau | +44 203-865-3806 | fabrice.benhassine@marketnews.com