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Looking for direction from Fed speakers later

BOND SUMMARY

Moves in core fixed income markets have been relatively subdued this morning with little change to yesterday's close while peripheral spreads are marginally wider on the day.

  • Data this morning has seen German retail sales miss expectations, Eurozone PPI largely in line with expectations while UK mortgage approvals were a little better than expected.
  • Looking ahead, the Fed's Harker, Evans, Bostic and Kaplan are all due to speak while the Fed releases the Beige Book.
  • TY1 futures are down 0-00+ today at 131-25 with 10y UST yields up 0.3bp at 1.610% and 2y yields unch at 0.148%.
  • Bund futures are up 0.17 today at 170.00 with 10y Bund yields down -0.9bp at -0.188% and Schatz yields unch at -0.667%.
  • Gilt futures are up 0.11 today at 126.98 with 10y yields down -0.5bp at 0.820% and 2y yields down -0.4bp at 0.063%.

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