Free Trial

Risk-off early in European trading,....>

BOND SUMMARY
BOND SUMMARY: Risk-off early in European trading, with negative China-U.S. trade
headlines and no-deal Brexit speculation simmering anew.
- Other focus is issuance, with books open for Greece on 10-Yr GGB (guidance
around 1.55%); Austria, Germany and the Netherlands also selling.
- UK headlines focused on No. 10 Downing St playing down prospects of deal with
E.U.; gov't maintaining stance that will leave with or without a deal Oct 31.
** Latest levels:
* Dec Bund futures (RX) up 3 ticks at 174.34 (L: 173.86 / H: 174.35)
* Germany: The 2-Yr yield is down 0.9bps at -0.783%, 5-Yr is down 0.7bps at
-0.793%, 10-Yr is down 0.1bps at -0.576%, and 30-Yr is up 1.1bps at -0.049%.
* Dec Gilt futures (G) steady at at 134.76 (L: 134.51 / H: 134.77)
* UK: The 2-Yr yield is down 0.8bps at 0.339%, 5-Yr is down 1.4bps at 0.245%,
10-Yr is down 0.4bps at 0.447%, and 30-Yr is up 0.4bps at 0.952%.
* Dec BTP futures (IK) down 11 ticks at 145.26 (L: 145.06 / H: 145.35)
* Italy / German 10-Yr spread 1.1bps wider at 143.8bps
* Dec OAT futures (OA) up 4 ticks at 170.27 (L: 169.78 / H: 170.29)

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.