Free Trial

OAT drifts to session low

BONDS
  • Still stuck in a very tight 23 ticks range but OAT has drifted back towards its session low following France Le Maire's headline: "France must find -15bn annually to meet EU Fiscal demand".
  • Price action and volumes are still tiny and well below what these contract should be trading, with most Desks on the sidelines ahead of the awaited US CPI.
  • BTP volumes is of course more elevated today, but a function of the Delta hedging pre Italian supply.
  • Small support in OAT is at 123.65.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.