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Moving higher ahead of claims

BONDS
  • Core fixed income has moved broadly higher this morning with little new triggers (although oil is also a little lower this morning). 2-year USTs are the biggest movers today with yields down 6.5bp while 10-year yields across gilts, Bunds and USTs as well as 2-year gilts and Schatz yields are all 3-4bp lower on the day.
  • Markets already have one eye on tomorrow's US employment report (although Europe/UK will be closed for Good Friday). The main release for today will be jobless claims with the annual revisions potentially causing some bigger moves than normal.
  • TY1 futures are up 0-3 today at 116-21+ with 10y UST yields down -3.4bp at 3.279% and 2y yields down -6.5bp at 3.718%.
  • Bund futures are up 0.43 today at 137.71 with 10y Bund yields down -3.9bp at 2.140% and Schatz yields down -3.3bp at 2.480%.
  • Gilt futures are up 0.49 today at 104.75 with 10y yields down -3.6bp at 3.388% and 2y yields down -3.5bp at 3.291%.

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