MNI BRIEF: BOJ Tankan: Business Inflation Expectations Solid

MNI BRIEF: RBA Details Hypothetical Monetary Policy Paths

MNI: PBOC Net Injects CNY14.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1876 Fri; -1.22% Y/Y

MNI BOJ DEC TANKAN LARGE MFG INDEX +14; SEPT 13; MEDIAN +12

MNI INTERVIEW2: Poland To Push For EU Defence Fund

MNI: UK DEC GFK CONSUMER CONFIDENCE INDEX -17

EZ/UK Bond Supply Calendar: Belgium ORI Facility on Friday

US EIA:NAT GAS STORAGE -190 BCF TO 3,747 BCF DEC 06 WK

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 very busy morning session in Europe

BONDS
  • A busy session for EGBs and Bund, despite the UK out for the Queen's Jubilee, Government Bonds have collapsed, pushing Yields at new multi year highs.
  • German 10yr yield is highest since 2014, with next upside target seen at 1.234%, the 38.2% retrace of the 2008/2020 fall.
  • Reference 150.35 = 150.20.
  • German 2yr Yield highest since October 2011.
  • German 5yr highest since January 2014.
  • BTP was initially leading but futures are off their respective lows at the time of typing.
  • BTP/Bund spread was 2.7bps wider, with next upside target at the 2022 double top at 205.10, which is also the widest print since May 2020.
  • BTP/Bund is now just 0.3bp wider, since the bounce in Futures, at 201.2bps.
  • Volumes in Europe are still dominated by rolling positions into September.
  • Gilts are closed for the UK holidays.
  • Tnotes have taken their cue from the sell off in Europe, but have recovered from their lows, led by EGBs.
  • Looking ahead, US ADP and Factory orders. US Durable goods will be final reading.
  • Speakers include, ECB de Cos, Fed Logan and Mester
HomepageBulletMarketsFixed Income BulletsForeign Exchange 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.