30-year yields up 6 bps to 2.07% on the day
Meanwhile, 10-year yields are also up by 5.5 bps to 1.26% as the bond market selloff starts to turn into a bit of a rout going into the session ahead.

The reflation narrative keeps the market buzzing this week
The breakout in Treasury yields towards the end of last week is holding and that is keeping with the reflation theme that is sweeping across the market in the past few weeks.

Comments by ECB policymaker, Gabriel Makhlouf
The above may be referring to the US but it is a safe assumption that a similar phenomenon is being observed across the globe. Hence, how much (and at what pace) that buffer collapses in the next year or so is going to be crucial for how markets will react.

Latest data released by ZEW – 16 February 2021
The jump in the expectations reading is the highest since September last year and reaffirms that the market remains more forward-looking when viewing the German and euro area economies at this point in time.

Latest data released by Eurostat – 16 February 2021
The preliminary report can be found . The reading shows that the economic contraction was less than initially estimated. That is some good news but this just reaffirms that the euro area economy remains on track for a possible double-dip recession still.

Comments by UK prime minister, Boris Johnson
– No decisions have been taken on exact date to reopen schools
– Hoping to do so by 8 March
– We will try to set out a roadmap out of lockdown
Johnson is managing expectations a little before he gets into more detail on . Nothing out of the ordinary so

Sellers stay poised to target the 0.8700 level next
With cable also looking poised to move towards 1.4000, the shove lower in EUR/GBP is also helping to keep the pound underpinned in general for the time being.

Latest data released by Eurostat – 15 February 2021

Latest data released by Eurostat – 15 February 2021

The yen extends its fall as yields climb higher
While US markets are closed today, Treasury yields clipped some key levels at the end of last week with 10-year yields above 1.20% and 30-year yields above 2.00%.