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

MNI BRIEF: German Insolvency Rate Slows, 2025 Pickup Expected

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

CREDIT UPDATE: € Credit Close

CREDIT UPDATE
  • Bunds began the session firmly higher, with risk off sentiment to start and ongoing volatility keeping nerves elevated. Slightly hawkish jobless claims triggered an outsized move higher in global rates with positioning seemingly a little crowded. DBRs / USTs close +0/+4bp.
  • Stocks began the day lower following a weak overnight session, before rallying hard on jobless claims. SPX / SXXP are left +1.8%/+0.2% with the former boosted by Eli Lilly +8%. €IG equities close +0.4% lead by Tech. Notable movers include Viatris +7%, Warner Bros -11%.
  • €IG cash closes largely unchanged, tighter at the margin. IAGLN continues its move tighter with the 29s -8bp. WBD widened 12-15 following disappointing results. KO was up to 6 wider on supply.
  • Primary returned for the first time this week with a two tranche from Coca-Cola and a VW FRN.
  • CDS closes tighter following the risk-on move and lower VIX, with Main / XO closing at 61.6 / 327, -0.4 / -2.
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.