Newsquawk Logo

[MARKET ANALYSIS] USTs and Bunds off worst levels as energy benchmarks dip from overnight highs

The dip in energy benchmarks appears to have provided some relief to USTs and Bunds, moving them off their earlier lows.

Newsquawk StaffPublished On the live feed at — 5 more headlines followed before this page went public
Newsquawk headlinesUTC

Indian official says Indian official says the US trade team will reach India soon for discussions; there is no plan to hike duties on gold and silver imports

[MARKET ANALYSIS] European bourses trade mixed, Compass raises its FY guidance; US equity futures muted

[MARKET ANALYSIS] USTs and Bunds off worst levels as energy benchmarks dip from overnight highs

Talk of UK Cabinet resignations today. However, Mail on Sunday's Hodges expects such interventions to start later in the week, would be surprised to see any today

Israeli PM Netanyahu is holding security consultations following Iran’s response to the US proposal

Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.

Try the platform free
Free. No signup, no card.
  • Gilts underperform heading into the 10:00BST speech from PM Starmer, see the 08:54BST analysis for more.
  • Fixed generally on the backfoot as energy benchmarks opened higher and extended at the start of the week as the negotiating process made no progress on the weekend, with the US and Iran essentially rejecting each other's positions. We now await any revised proposal(s) before looking to the meeting between Chinese President Xi and US President Trump, from Wednesday.
  • USTs hit a 110-15 low, with downside of just under 10 ticks, early doors. Since, as the energy space wanes from highs, fixed income has lifted off worst. USTs are now lower by around five ticks and to a 110-23 peak. If the upside continues, we look to resistance at 110-28 and 111-03+ from Thursday and Friday, respectively.
  • Bunds in-fitting with USTs. Lower by 35 ticks to a 125.35 base early doors. Since, as energy eases, Bunds have trimmed much of the initial pressure and hold off a 125.56 peak, lower by c. 10 ticks.
  • The schedule today is a little light, and as such, we are primarily awaiting updates on the state of negotiations between the US and Iran.
Context

This suggests that the fixed income market is sensitive to energy price fluctuations and may react to upcoming geopolitical developments, particularly the US-Iran negotiations and the Xi-Trump meeting, which could influence rate expectations and risk sentiment.

Related headlines

The whole workspace, free to try.

Try it free
Newsquawk Logo

© 2026 Newsquawk. All rights reserved.