MNI: Canada Mortgage Growth At Lowest Since 2001 At 3.3%

FED: POWELL TESTED POSITIVE FOR COVID-19, HAS SYMPTOMS

MNI China Daily Summary: Friday, May 17

MNI BRIEF: China Cities Must Ensure Housing Project Delivery

MNI BRIEF: PBOC Sets A New Tool To Bail Out Property Sector

MNI BRIEF: PBOC Abolishes Lower Housing Mortgage Limit

MNI: BAKER HUGHES US RIG COUNT 604; OIL RIGS 497; GAS RIGS 103

Canadians Buy Record CAD35.6B In Foreign Securities In March

MNI: FOREIGN HOLDINGS OF CANADA SECURITIES +14.4B CAD IN MAR

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Core/Semi-core EGBs have opened higher.........>

EGBS
EGBS: Core/Semi-core EGBs have opened higher supported by flight-to-quality bid
as Italy concerns rise up a notch following newswire reports that the IMF has
delayed its economic review and that the budget meeting is due to start today.
German 10-yr yield is 2.6bp lower at 0.434% with yield curve modestly flatter.
- The news on Italy has sent the short-end of the BTP yield curve sharply higher
this morning with 2-yr and 5-yr yield rising 28bp and 25bp respectively with
summer thin markets not helping either. The large move in BTPs is also dragging
the rest of the periphery with it as well. 10-yr Bund/BTP spread is 11.2bp wider
at 256.5bps
- One source earlier said that they had not seen a domestic seller of BTPs so
far, maybe waiting it out and hoping it will settle down in the days ahead
- Final Eurozone service PMI data is the main highlight this morning before
attention turns to key US nonfarm payroll data. So far Spain's service PMI
dropped more than expected, with Italy's eyed next.
- The front end of the Euribor strip has come under large selling pressure so
far this morning with Sep8, Dec8 & Mar9 1, 1.5 & 0.5 ticks lower.
MarketsFixed Income Bullets
MarketsFixed 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.