Market Analysis

[MARKET ANALYSIS] T-notes firmer; Bunds and JGB futures marginally higher

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The report described firmer US, Japanese and German bond futures, specified yield and trading ranges, and noted French yield and spread developments; later reports detailed Gulf-related departure actions.

News detail

T-notes trade firmer within a 105-07+ to 105-12+ range, rebounding from Wednesday's late dip on reports of US ordered departures across the Gulf, with the 10yr yield in a 5.08-5.16% range. JGB futures are firmer within a 125.76-126.04 range, with the 10yr JGB yield falling to 2.870% at the open as gains in Treasuries spilled over. Data showed Japanese investors were net sellers of foreign bonds in the week to 17th October. Bund futures are a touch higher in a narrow 121.40-121.50 range. French 10yr yields rose above 5% for the first time in 24 years on Wednesday, widening the OAT-Bund spread, with Moody's review of France due on Friday.

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