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Focus on weekly purchases

EGBS
  • Despite a relatively light calendar this week, there are a number of key speeches scheduled that have the potential to move EGBs this week. Most notable will be Lagarde's fireside chat on Wednesday at a Reuters Newsmaker event with Schnabel also due to speak on the same day.
  • EGBs have begun the week on the front foot, following in the footsteps of Treasuries in the Asian session with Asian stocks lower and European equity index futures generally a little lower on the day.
  • The focus for the day ahead will be the ECB's weekly purchase announcement which is due at 14:45BST.
  • Bund futures are up 0.19 today at 171.56 with 10y Bund yields down -0.7bp at -0.311% and Schatz yields down -0.3bp at -0.710%.
  • BTP futures are up 0.20 today at 148.71 with 10y yields down -0.9bp at 0.717% and 2y yields down -0.7bp at -0.374%.
  • OAT futures are up 0.21 today at 162.05 with 10y yields down -0.9bp at -0.55% and 2y yields down -0.5bp at -0.674%.

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