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Summary of European FI moves from Russia-Ukraine progress headlines

BONDS
  • Dec-22 SONIA future kneejerk 7 ticks lower (5.5 ticks now after bouncing 1.5 ticks). Dec-23 kneejerk 5 ticks lower but now only 2 ticks lower.
  • Euribor Dec-22 4.5 ticks kneejerk (now 2.5 ticks lower). Dec-23 kneejerk 8.5 ticks lower, now 4.5 ticks lower.
  • Bund futures hit a low of 156.05, down around 70 ticks with 10-year Budnd yields hitting a peak of 0.732% (now back at 0.716%). Schatz yields hit a high of 0.04%, now back to 0.007%. First time above zero since May 2014.
  • Gilt futures hit a low of 120.00 from 120.40 with 2-year yields spiking to 1.441% and 10-year yields hit a high of 1.738% (still below yesterday's 1.750%).

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