Moving to the week's highs

Core fixed income has been marching higher today, with TY1, gilt and Bund futures all at their highs of the week.

• Bunds have seen the smallest moves, but have moved to the most significant levels. At the time of writing the July 8 high of 174.77 was within a couple of ticks, a level that marks the highest level for futures since February. Peripheral spreads are generally a little wider on the day too.
• Looking ahead the highlights are a speech from the BOE's Saunders at 11:00BST/6:00ET entitled "The Inflation Outlook". Powell testifies in front of the Senate Banking Committee while we are also due to hear from Evans.
• In terms of data, we saw some mixed UK labour market data earlier this morning and the final print of Italian HICP was in line with the flash. Later today we have US weekly claims data, industrial production, Philly Fed and Empire manufacturing.
• TY1 futures are up 0-10 today at 133-24+ with 10y UST yields down -3.5bp at 1.313% and 2y yields down -0.6bp at 0.218%.
• Bund futures are up 0.40 today at 174.74 with 10y Bund yields down -2.1bp at -0.341% and Schatz yields down -0.2bp at -0.684%.
• Gilt futures are up 0.40 today at 129.46 with 10y yields down -3.4bp at 0.592% and 2y yields down -0.7bp at 0.069%.