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Europe Looks To Tsys For Cues In Recent Trade

BONDS

Little to report in terms of market specifics for gilts and Bunds with the latest round of buying coming alongside a bounce from session cheaps in U.S. Tsys, before the recovery in wider core global FI topped out in recent trade.

  • Macro headline flow has been light since the release of weekly jobless claims data out of the U.S., with the initial rounds of Fedspeak from Barkin & Bostic not moving the needle.
  • German cash yields are 1-5bp higher on the day with the curve twist steepening. Bund futures last print -25 or so, operating in the bottom half of their session range.
  • Cash gilts yields are now 2bp lower to 2bp higher on the day, with the curve twist steepening. Gilt futures sit around 95.75, in the middle of their ~80 tick session range.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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