MNI BRIEF: BOE Rate Cut Closer But Still Some Way Off - Pill

MNI China Daily Summary: Tuesday, April 23

RPT-MNI INTERVIEW: Kaplan Says Loose Fiscal Is Holding Up Cut

MNI BRIEF: Hungary Central Bank Cuts To 7.75% As Expected

MNI: PBOC Conducts CNY2 Bln Via OMO Tues; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1059 Tues; -5.03% Y/Y

MNI: US REDBOOK: APR STORE SALES +5.1% V YR AGO MO

CBRT Data Watch

MNI: US APR PHILADELPHIA FED NONMFG INDEX -12.4

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

4/8/10/30-Year Oblis

SPAIN AUCTION PREVIEW
MNI (London)
  • On offer today: E4-5bln of Oblis
    • 5.9% Jul-26 Obli (ISIN: ES00000123C7)
    • 1.00% Nov-30 Obli-Ei (ISIN: ES00000127C8)
    • 2.55% Oct-32 Obli (ISIN: ES0000012K61)
    • 1.90% Oct-52 Obli (ISIN: ES0000012K46)
  • Market colour: 4-year Obli yields rose around 120bp from the beginning of May to the June 16 high of 2.322% and have since fallen back around 105bp, whilst the 8-year Obli saw a stronger 203bp increase in yields to the June 20 high of 0.882 and have since decreased around 93bp off this high.
  • 10-year yields increased 94bp from the early June launch to the mid-June high of 3.216%, and are back about 80bp, compared to the 30-year yields rose 80bp from the beginning of June to the mid-month high and are now a softer 47bp lower than the peak.
  • 4-year spreads to the Bobl widened around 26bp in the second week of June to a peak of 79.5bp, narrowing again around to approx. 55bp around the 17th of June and since hovering around this level.
  • 8-year spreads to the Bund saw a more gradual wideneing over March and April of around 100bp to the mid-April peak of approx.. 200.4bp and have since narrowed again back to early March levels.
  • Timing: Results will be available shortly after the auction closes at 9:30 BST / 10:30 CEST.
Homepagemarkets-real-timeBulletMarketsFixed Income Bullets
Homepagemarkets-real-timeBulletMarketsFixed Income Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.