HALISTER1: Net Buying of Core EGBs Hit Highest in a Year Last Week: Citi

Net Buying of Core EGBs Hit Highest in a Year Last Week: Citi

(Bloomberg) -- Last week saw the largest net buying of core EGBs in a year, led by German and French bonds, Citigroup strategist Aman Bansal writes in client note.
  • On the core curve, net buying was led by the 10Y and 30Y sectors where non-core saw net selling in the 10Y sector
  • Euro linker demand was flat last week with net buying of France offset by net selling of Germany
  • Gilts saw small net selling, fourth week of net selling in the 30Y sector offset net buying of 30Y+
  • Small net buying of index-linked gilts last week
    • In contrast to conventionals, linker gilts saw net buying in the 30Y sector, which offset net selling in 30Y+
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Source: BFW (Bloomberg First Word)

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Aman Bansal (Citigroup Inc)

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