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Fresh Cheapening As NY Filters In


Cheapening in Tsys helps bias both Bunds & Gilts lower in recent trade, with fresh session lows registered in the U.S., German & UK 10-Year benchmark futures contracts.

  • Tsys bear steepen a touch, running flat to 1.5bp cheaper on the day.
  • Gilts also bear steepen in cash trade, while the German curve sees -/+1bp moves vs. Mondays closing levels, with intermediates richer and the wings cheaper.
  • Gilts widen against core FI peers across the curve after the long UK weekend.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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