CANADA NOV BUDGET DEFICIT CAD8.2 BLN VS YEAR AGO CAD4.0 BLN

MNI BRIEF: Fed's Goolsbee Supports Slowing Rate Cuts

CANADA DELAYS IMPLEMENTING CAPITAL GAINS TAX HIKE TO JAN 2026

MNI BRIEF: US Dec Core PCE Inflation In Line With Expectations

MNI BRIEF: Fed's Bowman Wants Inflation Progress Before Cuts

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100 BPS TO 13.25%

MNI: BAKER HUGHES US RIG COUNT 582; OIL RIGS 479; GAS RIGS 98

BAKER HUGHES CANADA RIG COUNT 258; OIL RIGS 186; GAS RIGS 72

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

BONDS: Still Underpinned

BONDS
BulletMarketsFixed Income Bullets

Net reaction to the U.S. data is dovish at the margin, allowing Bund and gilt futures to register fresh session highs, although resistance areas of note go untested before a fade from best levels.

  • Pre-market recovery in stocks of tech giant Nvidia, coupled with reaction to the data, leaves S&P 500 e-minis at fresh session highs, now +0.46%.
  • That may be limiting the rally in bonds.
  • Impact of today’s rally in oil less clear when it comes to cross-market spill over, given the risk-off nature of the drivers (which also promoted demand for bonds).
  • Bunds still the outperformer on the day, both vs. broader DM peers and within EGBs. 
105 words

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.

Net reaction to the U.S. data is dovish at the margin, allowing Bund and gilt futures to register fresh session highs, although resistance areas of note go untested before a fade from best levels.

  • Pre-market recovery in stocks of tech giant Nvidia, coupled with reaction to the data, leaves S&P 500 e-minis at fresh session highs, now +0.46%.
  • That may be limiting the rally in bonds.
  • Impact of today’s rally in oil less clear when it comes to cross-market spill over, given the risk-off nature of the drivers (which also promoted demand for bonds).
  • Bunds still the outperformer on the day, both vs. broader DM peers and within EGBs.