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BONDS: Off Lows As Oil Edges Lower

BONDS

Core global FI markets away from session lows, seemingly driven by some weakness in crude oil and bears failing to push 10-Year Bund yields meaningfully above month-to-date highs.

  • Depleted liquidity into the Christmas break also a likely factor when it comes to the scale of move on limited headline drivers.
  • Benchmark U.S., German & UK yields all still higher on the day, with UK spreads wider across the curve.
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Core global FI markets away from session lows, seemingly driven by some weakness in crude oil and bears failing to push 10-Year Bund yields meaningfully above month-to-date highs.

  • Depleted liquidity into the Christmas break also a likely factor when it comes to the scale of move on limited headline drivers.
  • Benchmark U.S., German & UK yields all still higher on the day, with UK spreads wider across the curve.