RPT-MNI BOC WATCH: More Gradual Approach Seen After 50BP Cut

MNI BRIEF: Beijing To Protect Firms From U.S. Bill - MOFCOM

MNI: SNB CUTS KEY POLICY RATE BY 50 BPS TO 0.5%

MNI: PBOC Net Injects CNY28.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1854 Thurs; -1.13% Y/Y

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI: SWEDEN FINAL NOV CPIF +1.8% Y/Y

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

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

Awaiting The ECB

BOND SUMMARY

Sovereign bonds are broadly trading a touch firmer heading into today's ECB meeting. Although no changes to monetary policy or the economic outlook are expected, markets will be focused on any commentary around the weekly PEPP purchases.

  • USTs initially rallied in the European morning, but quickly gave back gains to trade near yesterday's close. TYM1 trades at 132.18, near the bottom end of the day's range (L: 132-17 / H: 132-24+).
  • The gilt curve has flattened with the 2s30s spread 2bp narrower on the day. Short sterling futures are broadly flat/1.0 ticks higher in whites through blues.
  • Bunds have similarly inched higher with the curve 1bp flatter.
  • BTPs opened strongly but soon retraced with cash yields now within 1bp of the last close.
  • French manufacturing confidence data for April came in slightly better than expected.
Homepagemarkets-real-timeBulletMarketsFixed 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.