Free Trial

- Bonds globally are weaker, with US...>

BOND SUMMARY
BOND SUMMARY: - Bonds globally are weaker, with US yields continuing to push
higher in a bounce-back from Thursday's below-consensus US CPI reading, and UK
Gilts under pressure.
- Dec8 bond futures are lower, with the Bund down 16 ticks at 159.30, US T-Note
off 5+/32 at 119-08, and Gilt down 23 ticks at 121.46.
- BoE Governor Mark Carney's comments in Dublin have proven fairly non-eventful
but did little to stem the bearish move in UK rates and yields this morning that
followed from reports that he signalled higher interest rates in event of
no-deal Brexit (Gilt future hit a low of 121.34 as Carney was speaking).
- The belly of the USTsy curve is underperforming, with 2-Yr yields up 1.3bps at
2.769%, 5-Yr up 1.6bps at 2.888%, and 10-Yr up 1.3bps at 2.983%.
- Global rate futures are lower, led by long-dated Short Sterling and
Eurodollars, for which Green and Blue contracts are off 3.0 ticks.
- U.S. retail sales (0830EST) and industrial production (0915EST) are the
headline releases on Friday. Also, Fed's Evans and Rosengren are due to speak.

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.