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Off Lows, Not Moving Far From Unchanged On The Day

BONDS

Core global FI markets operate off worst levels of the session.

  • U.S. Tsy yields are still incrementally higher on the day, while the German curve twist flattens and gilts bear flatten (UK yields 1bp higher to flat on the day).
  • Little to really note when it comes to meaningful headline flow thus far.
  • We have seen typically hawkish comments from ECB Governing Council member Wunsch, while BBG reports have flagged continued support for China’s embattled property sector.
  • €IG issuance is ticking over to start the week, while the previously flagged 20-Year U.S. Tsy supply provides the major round of core supply today.
  • Cross-asset, oil operates around best levels of the day, while e-minis are also at session highs.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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