Free Trial

Oil Extends Lower, Core FI Eats Away At Early Cheapening

BONDS

WTI crude oil futures have moved further through last week’s low, seemingly allowing wider core global FI markets to stabilise before moving off session cheaps. That leaves Tsys 0.5-1.5bp cheaper on the session, while Bunds are 1bp cheaper to 1bp richer, twist flattening and Gilts run 2.5-3.5bp cheaper across the curve. Verbal jousting out of China re: the U.S. hasn’t represented a meaningful escalation in tensions but could also be factoring into the move in bonds (at the margin) on what is a quiet news day.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.