Free Trial

Core FI was boosted in the afternoon....>

EGB SUMMARY
EGB SUMMARY: Core FI was boosted in the afternoon by a weak MNI Chicago PMI
reading for the U.S. helping to dampen risk appetite/provide second thoughts
ahead of Friday`s key U.S. data slate.
- This built upon an early morning rally which accelerated following reports
that China doubts a long-term trade deal with the US.
- The Dec 19 Bund future is up 77 ticks at 171.83, having traded in a range of
171.17-172.03 today.
- Bull flattening in the German curve. The 2-Yr yield is down 2.7bps at -0.66%,
5-Yr is down 4.4bps at -0.624%, 10-Yr is down 5.3bps at -0.407%, and 30-Yr is
down 6.8bps at 0.107%.
- Periphery spreads broadly unchanged (Italy 10s out 0.1bps vs Bunds).
- Friday fairly quiet on Eurozone data/speaker front; most attention paid to
U.S. data (including October employment report and ISM), and heavy Fed speaker
slate.

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.