CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

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

COVID and Better Data See Bunds Lower

EGB SUMMARY
  • Bunds have fallen to their lowest levels of the month as the market continues to be optimistic a COVID vaccine is in good shape following comments from Russian President Putin this morning.
  • The move lower has been fairly steady throughout the day with better-than-expected US PPI data helping to keep the move lower intact this afternoon.
  • Peripheral spreads have narrowed today too, although more so in the morning than the afternoon. This is consistent with the narrative of positive COVID developments being good for the periphery but positive data not helping so much (as this may slow central bank stimulus).
  • ** Latest levels:
    • Sep Bund futures (RX) down 90 ticks at 176.6 (L: 176.56 / H: 177.5)
    • Sep BTP futures (IK) down 41 ticks at 147.53 (L: 147.42 / H: 148.17)
    • Sep OAT futures (OA) down 72 ticks at 168.6 (L: 168.59 / H: 169.35)
    • Italy / German 10-Yr spread 2.4bps tighter at 142.2bps
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.