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Risk on has been the overriding........>

BOND SUMMARY
BOND SUMMARY: Risk on has been the overriding theme in markets today with
yesterday's equity market rally continuing into today after the holidays seen in
both the US and UK yesterday. Core bonds are lower on the day with curves bear
steepening.
- There are not many scheduled risk events today with the ECB's Lane due to
speak and Fed's Kashkari among the highlights (but we have heard from the key
players in the Fed last week and Lane recently). BOE Chief Economist Haldane is
speaking as we type but he has spoken recently and his comments so far are in
line with his previous rhetoric.
- TY1 futures are down -0-9+ today at 138-27+ with 10y UST yields up 3.7bp at
0.697% and 2y yields up 1.5bp at 0.185%.
- Bund futures are down -0.95 today at 172.11 with 10y Bund yields up 6.9bp at
-0.427% and Schatz yields up 3.3bp at -0.655%.
- Gilt futures are down -0.37 today at 138.14 with 10y yields up 2.7bp at 0.199%
and 2y yields up 2.1bp at -0.36%. 

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