MNI BRIEF: Fed's Williams Says There's No Urgency To Cut Rates

MNI: US March Existing Home Sales Fell 4.3% To 4.19M

WILLIAMS: NOT BASE CASE TO RAISE RATES FURTHER

MNI BRIEF: Beijing Opposes U.S. Measures Against Chinese Steel

MNI China Daily Summary: Thursday, April 18

MNI BRIEF: M2 Growth To Slow On Weak Demand - PBOC's Zou

EZ/UK Bond Supply Calendar: EU, UK Synd W/C 22 Apr, BoE APF Mon

US EIA:NAT GAS STORAGE +50 BCF TO 2,333 BCF APR 12 WK

MNI: US NAR: MAR EXISTING HOME SALES 4.19M SAAR

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

A stable afternoon session

EGB SUMMARY

EGBs have stayed within this morning range this afternoon.

  • BTP has been the notable under performer, slowly drifting lower,
  • The contract tested yesterday's low and initial support at 147.44. (printed 147.41 low)
  • Main initial targets is still eyed at the 0.842% yield, the 2021 peak and highest since 01/10/2020, which equates today (ref 147.66) to 147.29.
  • German curve is flat, while Italy spread trades 2bps wider at the time of typing.
  • Looking ahead, most desk await on the FOMC tomorrow, but still some focus later on further tech stocks earnings, with Texas Instrument, Visa, Alphabet, Microsoft, Starbucks, still left for today.
  • Bund futures are down -0.07 today at 170.76 with 10y Bund yields up 0.1bp at -0.253% and Schatz yields up 0.1bp at -0.694%.
  • BTP futures are down -0.25 today at 147.58 with 10y yields up 2.1bp at 0.819% and 2y yields up 1.8bp at -0.325%.
  • OAT futures are down -0.11 today at 161.35 with 10y yields up 0.6bp at 0.089% and 2y yields down -0.5bp at -0.661%.
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.