CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

A busy session for Italy

BOND SUMMARY

A busy session for EGBs and particularly the BTP, following Draghi being touted to form a Government.

  • BTP saw a 110 ticks opening gap.
  • The move in Italy saw BTP/Bund spread to 10.5bps tighter and through the January low, and at lowest levels since March 2016.
  • Gilt is seeing a more subdued session, trading in a 23 ticks range (133.46-133.69).
  • US treasuries have taken their cue from EGBs and trade in the red, albeit lagging behind Bund.
  • Looking ahead, US ADP and service PMI, although will be the final reading for the PMI, so unlikely to move the needle.
  • Italian Sergio Mattarella, Italy's head of state, will meet Draghi around lunchtime.
  • Speakers sees Norge Bank Bech-Moen, and Fed Kashkari, Bullard, Harker, Mester and Evans
  • Bund futures are down -0.20 today at 176.55
  • BTP futures are up 1.06 today at 152.03
  • OAT futures are down -0.01 today at 166.64
  • Gilt futures are down -0.14 today at 133.61
  • TY1 futures are down -0-3 today at 136-27
BulletMarketsFixed Income Bullets
BulletMarketsFixed 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.