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Lower in reaction to Friday's payrolls

EGBS

EGBs have been catching up with the moves seen in Treasuries since markets closed on Thursday and payrolls was released. Moves are notable, but are still smaller than those seen in Treasuries over the period. There has been a bear flattening in core FI (including USTs, Bunds, OATs).

  • 10y UST yields are up 10.0bp since Thursday's close at 3.408% and 2y yields up 16.1bp at 3.995%.
  • Bund futures are down -0.89 today at 136.41 with 10y Bund yields up 7.3bp at 2.254% and Schatz yields up 9.4bp at 2.640%.
  • OAT futures are down -0.89 today at 130.63 with 10y yields up 7.2bp at 2.771% and 2y yields up 11.3bp at 2.793%.
  • BTP futures are down -0.89 today at 115.41 with 10y yields up 9.1bp at 4.118% and 2y yields up 7.7bp at 3.157%.

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