Free Trial

In the green on Brexit concerns

EGB SUMMARY

EGBs are on the front foot throughout the session, on safe haven, following the lack of advance between the EU and the UK on a Brexit deal.

  • Sunday is the new self impose date, although UK Raab said that extension pass that date isn't ruled out.
  • PM Johnson tweeted this afternoon; "Australia-Style Solution' Is 'Very, Very Likely'
  • Peripherals have lagged the German 10yr somewhat this afternoon, translating in wider spread, with Italy at 2.1bps.Spain 10yr yield traded in negative territory for the 1st time, making a -0.004% low.
  • Looking ahead after market, Sovereign rating:
  • Fitch on Spain (current rating: A-; Outlook Stable) & Switzerland (current rating: AAA; Outlook Stable)
  • Moody's on Luxembourg (current rating: Aaa; Outlook Stable) & Norway (current rating: Aaa; Outlook Stable)
  • S&P on Slovenia (current rating: AA-; Outlook Stable)
  • All the focus will be on the weekend Brexit talks ahead of a busy week next week as we close out the year.
  • Bund futures are up 0.50 today at 178.58 with 10y Bund yields down -2.8bp at -0.633% and Schatz yields down -1.5bp at -0.788%.
  • BTP futures are up 0.14 today at 152.05 with 10y yields down -0.7bp at 0.554% and 2y yields down -0.1bp at -0.441%.
  • OAT futures are up 0.39 today at 168.43 with 10y yields down -2.5bp at -0.383% and 2y yields down -0.7bp at -0.734%.

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.