Free Trial

- The sell off in German bunds from.....>

EGB OPTIONS: - The sell off in German bunds from 1300BST has reversed. The
10-year benchmark trades at a yield of 0.564% up from a low of 0.5299%. The
curve has steepened throughout the day with the 2s10s spread pushing up to
108.4bps from 105.4bps.
- French OATs similarly hit a bout of selling between 1300-1400BST which
subsequently reversed. Longer end yields have broadly drifted higher across the
session. The 10-year yield has edged up to 0.912% from 0.876% and the 30-year is
up to 1.744% from 1.713%.
- BTPs have rallied hard since the morning session with the 2-year benchmark
trading at a yield of 1.355% down from 1.534%.
- Price action of Spanish bonds has been comparatively tame. The 2s10s has
widened 6bps on the day.
- The Euribor futures strip is down 1.0-3.0 ticks.

To read the full story


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.