Yields and basis point movements of some of the most-watched 10-year bonds this afternoon:

UK: 1.73% (-4.0bp)
Germany: 1.48% (-4.2bp)
France: 2.27% (-1.2bp)
Spain: 5.71% (+3.6bp)
Italy: 5.07% (+2.2bp)

[There are 100 basis points to a percentage point]

News on bond markets was thin on the ground on Monday as US bond markets were closed for Columbus Day today.

US Treasuries declined on Friday after a better-than-expected monthly jobs report and a surprising fall in the jobless rate boosted the outlook for the world's largest economy.

The US Treasury will auction three- and six-month bills on Tuesday and four-week bills on Wednesday.

Bond yields in Germany fell today after some better-than-expected economic data at home: industrial production fell by 0.5% in August, though that beat the 0.6% fall expected by analysts; while German exports improved by 2.4% in August, better than the 0.6% fall expected.

Yields on Spanish and Italian notes gained after a measure of sentiment in the Eurozone missed expectations. The Sentix investor confidence index for October improved from -23.2 to -22.2, though that was under the expected rise to -20.9.

BC

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