26^th January 2010

Bond Futures

Overview

Over the last five days we have seen government bonds edge higher as equity weakness has developed. Last Friday German Bunds achieved 2010 highs at 123.49, US Ten Years also performed strongly reaching 118.015. (more...)

22^nd December 2009

Bond Futures

Overview

Over the last five days we have seen the Bond futures continue to trade in a sideways range. The Bund future briefly spiked through the supporting range last week, only to turn around and retest around its recent high prints. T-Notes have resumed their steady downtrend during the same period, having briefly tested around the 118.000 handle. (more...)

10^th November 2009

Bond Futures

Overview

Last week a lot of fresh information became available to traders, the BOE extended their QE programme by £25 billion, we also got the latest jobs data which was unspectacular except for a leap in unemployment to 10.2%. We also got the latest statements out of the central banks, generally indicating they were happy with the way the economy was recovering but were a long way off implementing an exit strategy. The overall reaction to this information last week was mixed, Bunds dipped as low as 120.66 where the US Ten Year proved far more resilient, (in keeping with the recent trend) as it recovered the majority of early week losses to finish only marginally down.

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