MNI: GERMANY NOVEMBER FLASH HICP -0.7% M/M (FCST: -0.5%)

MNI BRIEF: China May Inject CNY1 Trln To Replenish Big Banks

MNI BRIEF: China Sees Progress On EU EV Deal

MNI: PBOC Net Drains CNY279.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Lower At 7.1894 Thurs; -1.38% Y/Y

MNI BRIEF: Bank of Korea Cuts Policy Rate to 3.00%: Press

MNI: GERMANY NOV CPI +2.2% Y/Y

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

MNI: GERMANY NRW NOV CPI -0.3% M/M, +1.9% Y/Y

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Bounce of the lows post supply

BONDS
  • EGB's led Bond lower this morning led by heavy supply out of Italy.
  • Bonds have since bounced off their lows since, with full reversal of this morning's price action with Supply out of the way.
  • Bund closed the overnight opening gap, but Futures trades in red territory.
  • Peripherals are all tighter against the German 10yr, with Italy in the lead by 1.7bps.
  • Gilt have underperformed following this morning's UK CPI beat.
  • Gilt printed a 118.54 low just ahead of support at 118.42 Low Apr 12.
  • Gilt/Bund spread has widened, and looked to have found a base circa 100.00/99.91bps for now, trades at 103.8, 2.8bps wider.
  • Looking ahead, sees US PPI as the notable release, and supply from the US with $20bn 30yr.
  • Gilt futures are down -0.47 today at 119.02 with 10y yields up 4.4bp at 1.846% and 2y yields up 3.1bp at 1.530%.
  • Bund futures are down -0.12 today at 155.24 with 10y Bund yields up 1.7bp at 0.805% and Schatz yields up 1.7bp at 0.086%.
  • BTP futures are up 0.16 today at 134.25 with 10y yields up 0.3bp at 2.409% and 2y yields up 1.1bp at 0.461%.
HomepageBulletMarketsFixed 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.