Trial now
GILT TECHS

(M1) Gains Considered Corrective

SCHATZ TECHS

(M1) Needle Points South

BOBL TECHS

(M1) 50-day EMA Remains Intact

BUND TECHS

(M1) Bearish Focus

AUSTRALIA DATA

Australia Mar Retail Sales +1.3% M/M; -0.5% Q/Q

CHINA RATES

China Repo Rates Increase: Wind

EGB SUMMARY
EGB SUMMARY: Euro area sovereign bonds have been bid today, with core and
periphery bonds broadly rallying. 
- It has felt like a relatively quiet session compared to the previous week and
perhaps reflections an exhaustion of the panic selling. 
- The Germany bund curve has bull flattened with the 2s10 spread 12bp narrower
and the 2s30s down 14bp.
- French OAT yields beyond the 3-year maturity are down 11-13bp. 
- The short-end of the BTP curve has outperformed with the 2-year benchmark
yield down 21bp.
- UK Chancellor of the Exchequer Rishi Sunak has announced further fiscal
measures to support households and firms including a commitment to paying up to
80% of salaries up to Stg2,500/month for those at risk of losing their jobs.
This could pave the way for similar policies across Europe in the coming weeks. 
MNI London Bureau | +44 0203-865-3808 | bruce.jeffery@marketnews.com