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Steady afternoon going into the weekend

EGB SUMMARY

A steady afternoon session going into the weekend for EGBs, following a very busy week.

  • Bund is up 17 ticks at the time of typing but well short of the highest levels traded at the beginning of the week.
  • Peripherals trade wider, with Italy by 2.4bps, with the BTP future contract down 13 ticks.
  • Looking ahead, Fed's Kaplan Takes Part in a Moderated Discussion
  • RATINGS (after markets): Fitch on Portugal, S&P on Netherlands
  • Jun Bund futures (RX) up 18 ticks at 169.07 (L: 168.77 / H: 169.21)
  • Germany: The 2-Yr yield is up 0.3bps at -0.655%, 5-Yr is down 0.6bps at -0.518%, 10-Yr is down 0.8bps at -0.128%, and 30-Yr is down 0.6bps at 0.431%.
  • Jun BTP futures (IK) down 17 ticks at 145.41 (L: 145.18 / H: 145.62)
  • Jun OAT futures (OA) up 9 ticks at 159.19 (L: 158.94 / H: 159.32)
  • Italian BTP spread up 2.3bps at 120bps
  • Spanish bond spread up 0.8bps at 71.4bps
  • Portuguese PGB spread up 1.1bps at 72.3bps
  • Greek bond spread up 2.1bps at 119.6bps

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