Focus on speeches

Moves have generally been less pronounced in core fixed income today with Bunds and Treasuries remaining within yesterday's ranges. Gilts have been the exception with 10-year gilt yields surpassing yesterday's high.

• Looking ahead there will be a lot of speeches today. From the BoE we will hear from Haldane at midday GMT (7am ET) before Bailey, Haskel, Broadbent and Vlieghe all testify before the Treasury Select Committee with Annual Reports due from the latter two. From the Fed, Powell will testify before the House before Brainard and Clarida speak.
• TY1 futures are up 0-0+ today at 135-14 with 10y UST yields up 2.2bp at 1.365% and 2y yields unch at 0.114%.
• Bund futures are down -0.03 today at 174.32 with 10y Bund yields down -0.3bp at -0.320% and Schatz yields down -0.1bp at -0.691%.
• Gilt futures are down -0.47 today at 128.40 with 10y yields up 3.6bp at 0.754% and 2y yields up 0.4bp at 0.038%.