Focus on Fed speakers again

It has been a mixed morning for core fixed income so far. Treasuries have continued their ascent and have moved above Friday's highs. Gilts opened above Friday's highs but have since moved back below (albeit still higher than Friday's close). Bunds also moved through Friday's highs in early trading but have also retraced most of their gains.

• Peripheral spreads have widened this morning, led by BTPs and GGBs (10-year spreads for both 1.9bp wider at the time of writing).
• The main events of today will focus around Fed speakers with Clarida and Bostic both due ass well as Kaplan after the close.
• Looking ahead central bank speakers will dominate this week along with PMIs on Friday and a slew of UK data (inflation, labour market data and retail sales).
• TY1 futures are up 0-3+ today at 132-16+ with 10y UST yields down -1.1bp at 1.619% and 2y yields down -0.2bp at 0.146%.
• Bund futures are up 0.09 today at 169.07 with 10y Bund yields up 0.2bp at -0.129% and Schatz yields down -0.1bp at -0.663%.
• Gilt futures are up 0.16 today at 127.59 with 10y yields down -0.3bp at 0.853% and 2y yields up 0.6bp at 0.080%.