TRUDEAU SAYS IT LOOKS LIKE BOC WILL BE LOWERING RATE AGAIN

MNI BRIEF: Canada Commits To Just One Of Three Fiscal Anchors

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.14B BSL

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

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

Core FI down on the day, but off earlier lows

BONDS
  • After a risk-on Asian session (helped by rescinding Chinese covid concerns and an easing of restrictions in Hong Kong), core fixed income started the European session on a similar downward path. There was also very strong UK labour market data and core fixed income markets hit their intraday lows within 10 minutes of the gilt open (see the gilt comment at 9:43BST for more). Since then we have drifted sideways a bit, but maintaining most of the early losses.
  • Gilt and UST curves have bear flattened while the German curve has steepened.
  • Looking ahead, the most notable upcoming data release will be US retail sales.
  • There are a number of speakers again todayIn terms of speakers we will hear from ECB's Lagarde and Centeno, BOE's Cunliffe, Fed's Powell, Bullard, Harker, Kashkari, Mester and Evans.
  • TY1 futures are down -0-9+ today at 119-12 with 10y UST yields up 2.8bp at 2.913% and 2y yields up 3.4bp at 2.607%.
  • Bund futures are down -0.75 today at 153.28 with 10y Bund yields up 5.3bp at 0.988% and Schatz yields up 4.0bp at 0.168%.
  • Gilt futures are down -0.70 today at 119.57 with 10y yields up 7.8bp at 1.807% and 2y yields up 10.5bp at 1.327%.
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.