Free Trial

German fixed income futures trade unch. to....>

BUNDS
BUNDS: German fixed income futures trade unch. to lower at writing. Schatz +0.5
tick, Bobls -4.0 ticks, Bunds -15 ticks. Bunds followed Tsys to highs in the
latter part of Monday's session, before easing back, aided by risk appetite
recovering overnight. Monday saw the European Commission state that its no-deal
Brexit preparations are complete, before UK PM May conceded that her deal still
doesn't have the support of the Commons, and an amendment was voted through the
Commons to pave the way for indicative voting re: Brexit matters on Wednesday.
- ECB`s Hansson, in an interview with MNI, published Monday, said that the EZ
slowdown may persist. He also said it may be too early for an ECB MonPol review
& TLTRO terms may not be announced in June. Elsewhere ECB`s Coeure said that
Bund yields have been driven more by savings dynamics than ECB policy; noting
that ECB is not yet at the limit of what it can do.
- Elsewhere, BBG sources have suggested that senior officials from euro-area
finance ministries haven't made a decision to recommend the disbursement of some
EUR1bn in cash for debt relief for Greece as of yet.
- 2-Year German supply & comments from ECB's Makuch headline today.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

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.