FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

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

CREDIT UPDATE: € Credit Close

CREDIT UPDATE
  • Bunds traded lower this morning with Eurozone supply coming. Higher jobless claims and the ECB meeting caused a reversal with more emphasis on downside risks from Lagarde.
  • Stocks were little changed following bigger moves yesterday. SPX / SXXP are left -0.1%/+0.1%. €IG issuer stocks fared well at +0.5% overall. Notable movers include Telia +7%, Volvo +6%, Nokia -5%, ABB -5%.
  • €IG cash closes 0.5bp tighter. RCFFP recovered by 5-9bp; LHAGR was also firm with the 30s -7bp. WBD closes ~20 wider having been more than 30 wider at one point, with a potential credit negative asset separation. HEIBOS was up to 6 wider after a very strong recent run. 
  • No primary today as expected into the ECB meeting.
  • CDS traded tighter before a late move out. Main / XO close at 53.3 / 292, +0.2/+0bp.
BulletCredit Bullets
BulletCredit 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.