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Oil Weakness Provides Bid

BONDS

Core global FI markets rally a little further as oil prices continue to tick lower.

  • TY and Bund futures are through yesterday’s highs, while gilt bulls haven’t been able to test yesterday’s high in futures.
  • Bunds outperform core global peers at the 10-Year point.
  • Yields on the German curve are 2-6bp lower, bull flattening.
  • German 2s10s registered a fresh year-to date closing high yesterday, while 5s30s registered a multi-month closing high.
  • Macro headline flow remains light, leaving cross-asset moves at the fore.
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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