Free Trial

European Futures plummets

BONDS
  • All the action is in Govies, with Futures in Germany and Europe plummeting.
  • Bund has lost 435 ticks in just the past 5 sessions.
  • BTP leads, and push the BTP/Bund spread 2.7bps wider, and now eye the 2022 double top at 205.10, which is also the widest print since May 2020, now at 203bps.
  • Treasuries are getting dragged by Europe.
  • Next Bund target is at 1.234%, the 38.2% retrace of the 2008/2020 fall.
  • Reference 150.35 = 150.20.

Chart source: MNI/Bloomberg

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.