Free Trial

Yields at new multi year high

BUNDS
  • Yields continues to edge to multi year high, and Bund is now through the November 2018 high, that was 0.468%, and now test level last seen in October 2018.
  • Fed Powell set the tone last night, when he kept the door open to the possibility of a 50bps hike at the next or any other meetings, whilst on this side of the Atlantic, ECB Rehn noted that if "the euro-area economy doesn’t take a major hit from the war and sanctions on Russia", then the ECB may begin to raise interest rates late this year or early next year.
  • There are no tier 1 data for the session , and most of the focus will be on another busy session for CB speakers.
  • Today include ECB Guindos, Villeroy, Panetta, Lagarde, Lane, Fed Williams, Daly, Mester, BoE Cunliffe, SNB Jordan.
  • SUPPLIES: Netherlands 6yr (equates to 11k Bund), Bobl EU4bn (equates to 31.5k Bobl).
  • SYNDICATION: EU NGEU 10y, EU 2.17bn 15yr SURE

To read the full story

Close

Why MNI

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.