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

Bond plummets

BOND SUMMARY

Despite some countries out on Holiday today, it has been a fairly busy session in terms of market movements.

  • EU PMIs uplifted outlook, providing a risk on tone, as countries look to re open, putting the odds of a summer economic boost on the table.
  • EU seeks to lift travel restriction for people that have been vaccinated.
  • Bund has plummeted through lowest levels since 26/02.investors will now look at the 25/02 low at 169.24, but key will be in yield terms at 169.15 (equates to-0.14%, 2020 peak and highest yield since 28/05/19)
  • German 5/30s break out above the 2021 peak, and we are now trending at steepest levels since 25/07/2019.
  • Gilts are closed for UK Bank Holiday.
  • US treasuries are lagging Germany somewhat, and trade 3.3bps tighter against the German 10yr.
  • Looking ahead, US Final manufacturing PMI is set for release.
  • Fed Powell is set to speak, but this will be on on community development, so unlikely to hear about Monetary Policy.
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.