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Yield at new highs

BONDS
  • EGBs and Bund yield continue to rise, albeit still short of what the Bund printed at the end of March.
  • Market are off the lows, yields off the highs at the time of typing.
  • German 10yr printed a 0.716% high today, ahead of the multi year high at 0.732%.
  • UK print a highest 10yr yield since 15/01/16, and futures fell just short of testing next Gilt support at 119.75, printed a 119.83 low, but the contract is back above 120.00 as short term player square before the end of the European session.
  • Looking ahead, Fed’s Bostic and Evans Discuss Inclusive Employment

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