CANADA TO PUBLISH FISCAL UPDATE ON DEC. 16

MNI BRIEF: Inflation Expectations Tick Higher - NY Fed

MNI BRIEF: China Passenger Car Sales Up In November Y/Y

MNI BRIEF: Mexico Inflation Down To 4.55% In November

MNI China Daily Summary: Monday, December 9

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI:US OCT WHOLESALE INV 0.2%; SALES -0.1%

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

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

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 were stuck in a narrow range for most of the session ahead of FOMC minutes tonight. Confusion over a delayed confirmation of BLS data brought some minor volatility; the final revision was much lower than expected, taking yields slightly lower. DBRs / USTs close -2bp.
  • Stocks were close to flat throughout with risk in a holding pattern into FOMC and Jackson Hole ahead. SPX / SXXP are left +0.1%. €IG Equities show the same return. Notable movers include Mobico +20%, Brambles +9%.
  • Primary maintained a good pace seasonally with deals from UPM-Kymmene, Paccar, Toyota £, BBVA Tier 2, NAB.
  • €IG cash is left unchanged. MCGLN -8bp following results. VFC was the best performer in corps (7-11 tighter). UPMFH widened 4-7bp on supply, off a rich curve. HEIBOS put in another strong day (11-16 tighter). NAB widened 4-8bp on supply.
  • CDS closes firmer with Main / XO at 53.1/290, -0.8/-4.
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.