FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

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

An incredibly volatile session

BONDS
  • Another huge session for EGBs, Bund and Global Govies.
  • After initially plummeting during the European morning session, this afternoon saw Continued unwind in German yield, after the strip printed multi year high, led by the 5yr (bobl)
  • Bobl has bounced over 100 ticks at the time of typing, on receiving interest.
  • German 5s/30s has pulled off the low after it tested the 2022 low at 25.319, printed 24.95 low.
  • Similar story for the Short end strip, with the likes of the December EDU3, pulling back 18 ticks off the low.
  • US Treasuries and Eurodollar upside momentum is also helping the pullback in Europe.
  • Short are likely looking at locking profit, as some investors park cash into yields.
  • UK has outperformed Bund with US Treasuries, translating into a 2.2bps tighter Gilt Bund spread.
  • Looking ahead, Fed Harker and ECB Vasle are still set to speak
HomepageBond Market NewsBulletMarketsFixed 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.