MNI: BOJ Tankan: Key Sentiment Rises, Solid Capex Plans

MNI BRIEF: Trump Likely To Let Powell Serve Full Term-Moore

MNI BRIEF: Canada Household Debt Tops $3 Trillion In 3Q

MNI BOJ DEC TANKAN LARGE MFG INDEX +14; SEPT 13; MEDIAN +12

MNI INTERVIEW2: Poland To Push For EU Defence Fund

MNI BRIEF: China To Keep Stabilising Housing Market - CEWC

MNI: UK DEC GFK CONSUMER CONFIDENCE INDEX -17

EZ/UK Bond Supply Calendar: Belgium ORI Facility on Friday

US EIA:NAT GAS STORAGE -190 BCF TO 3,747 BCF DEC 06 WK

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

Bunds a bit higher but USTs and gilts a bit lower

BOND SUMMARY
  • The inauguration of Biden as US President today will be the most watched event of the day. It has already been confirmed that he will sign a number of executive orders today (Bloomberg report 15) reversing decisions to leave the WHO, rejoin the Paris Accord and revoke Keystone XL amongst others.
  • Elsewhere a lab trial by Pfizer/Biontech has shown that its vaccine is effective against the UK strain of Covid-19. This follows some third party preliminary findings and also echoes early data regarding the AZ/Oxford vaccine. This has helped risk sentiment today.
  • Peripheral spreads are little changed on the day, reversing the widening seen on the open of BTP-Bund spreads.
  • The calendar so far this morning has been rather light with UK inflation a bit higher than expected but Eurozone CPI unrevised from the flash.
  • TY1 futures are down -0-3 today at 136-27 with 10y UST yields up 0.7bp at 1.096% and 2y yields up 0.2bp at 0.134%.
  • Bund futures are up 0.05 today at 177.45 with 10y Bund yields down -0.5bp at -0.532% and Schatz yields unch at -0.712%.
  • Gilt futures are down -0.04 today at 134.41 with 10y yields up 0.1bp at 0.289% and 2y yields up 0.1bp at -0.131%.
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.