Free Trial
JGB TECHS

(M2) Correction Extends

US STOCKS

Late Session Rebound

AUSSIE 10-YEAR TECHS

(M2) Corrective Cycle Remains In Play

AUSSIE 3-YEAR TECHS

(M2) Gains Still Considered Corrective

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
EGB SUMMARY
EGB SUMMARY: A dovishly interpreted set of FOMC minutes provided the thrust
higher in late US trading that is prodding EGBs higher in early European
trading. 
- Concerns that US inflation may not get above 2% by 'many' of the participants
is the section attracting most of the attention even as the Fed also appeared
set to start shrinking the balance sheet soon.
- Asian equity markets were mixed and the European bourses are nursing early
losses in the region of 0.3%. The Euro has weakened modestly in FX markets.
- With this environment, the 10-Year Bund yield is 1.3bp lower on Thursday and
with only a 0.2bp decline in the 2-Year Schatz, the curve is flatter.
- German-EGB spreads are fairly stable in early trading.
- Final Eurozone HICP data are set for release at 1000BST and the ECB account of
the July rate setting meeting is due at 12.30BST. The latter has great potential
to move markets. US markets provide weekly jobless claims, Philly Fed and IP
data.

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.