Free Trial

Focus on Powell later

  • Relative to the past couple of session, bond moves have been a little less volatile in the European morning session today. However, it has still been an eventful session with supply in focus: France and the Netherlands are holding syndications while the UK, Austria and Germany (linkers) have all held auctions this morning.
  • Looking ahead the main focus is on Fed Chair Powell's appearance at the Economic Club of Washington where he will be interviewed by David Rubenstein, due at midday ET / 17:00GMT.
  • TY1 futures are up 0-3 today at 113-19 with 10y UST yields down -1.6bp at 3.627% and 2y yields down -4.7bp at 4.429%.
  • Bund futures are down -0.23 today at 136.68 with 10y Bund yields up 1.3bp at 2.305% and Schatz yields down -0.4bp at 2.606%.
  • Gilt futures are down -0.18 today at 105.28 with 10y yields up 1.6bp at 3.257% and 2y yields up 1.5bp at 3.432%.

To read the full story



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.