MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

Bunds and Gilts Extend To Intraday Highs

BONDS

There hasn't been much in the way of macro headline-flow driving the latest extension higher of core FI, with Bunds now +49 at 133.77 and Gilts +51 at 98.01 at typing. Price actions appears consistent with short covering, with contracts unable to reach Friday's best levels thus far and technical resistances also still some way off.

  • A reminder that volumes have been subdued through the European morning, with many Asia-Pac participants out due to Lunar New Year, and a near-empty data docket to start the week.
  • The wider FI space will be supported somewhat by Brent futures, which are just over 1% lower today. EUR 5y5y inflation swaps are a touch lower as a result.
  • 10-year periphery spreads to Bunds remain tighter, even as European equities move away from intraday highs.
  • Participants will look to Fed/ECB/BoE-speak through the afternoon, alongside 1-year NY Fed inflation expectations at 1600GMT.
BulletMarketsFixed Income BulletsHomepage
BulletMarketsFixed Income BulletsHomepage

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.