Free Trial

Gilts continue to drift lower, Bunds remain close to day's lows

BONDS
  • Gilt futures continue to drift lower, having just hit a new intraday low of 104.37, around 140 ticks below Friday's close, but still around 150 ticks above Wednesday's low of 102.84.
  • 2-year gilt yields also continue to rise, now up around 14bp on the day at 3.351%. This has seen the 3.339% level cleared which marks the 61.8% retracement of Wednesday's high in yields to Friday's low.
  • Bund futures are now around 20 ticks higher than they were 90 minutes ago when they hit a low of 136.54, but they are still around 120 ticks lower on the day.
  • Schatz yields are around 14bp higher on the day at 2.532%, but have now reached the same 61.8% retracement of Wednesday's high in yields to Friday's low which comes in at 2.557%.

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.