Free Trial

OAT underpeforms EGBs

BONDS
  • French OAT underperforms EGBs once again in early trade albeit just off its intraday low.
  • The contract found support at the 3.25% yield resistance, which equated to 123.11 Yesterday, printed a 123.15 low and a 3.237% high.
  • Today, reference 123.26, the 3.25% Yield is lower and equates to 123.06.
  • For the OAT/Bund spread, it is juts half a basis point wider, but still eye the 56.00bps level, 61.8% retrace of the Oct 2023/March 2024 tightening bias.

Chart source: MNI/Bloomberg.

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.