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MONTH END EXTENSION

BONDS

MONTH END EXTENSIONS:
BARCAP Bond:

  • US Tsys: +0.11yr (Decent)
  • EU Govies: +0.06yr (Small)
  • UK Govies: +0.01yr (Tiny, non event)

MS Bond:

  • EU Govies: +0.05yr )small).
  • " They "see the largest extension of 0.136y in the 1-5y sector and, countrywise, expect Austria to extend the most, at 0.433y; followed by Italy, 0.129y and Belgium, 0.09y. Notable extensions in France, Austria, Italy, Spain and Belgium are due to bonds falling out and/or changing indices."

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