MNI BOE WATCH: Narrow Path To Aug Cut, Wary Messaging Likely

MNI China Daily Summary: Tuesday, July 30

MNI BRIEF: China To Step Up Macroeconomic Policies - Politburo

MNI CNB WATCH: Fine-Tuning Set To Start, But 50Bps 'In Play'

MNI: PBOC Net Drains CNY51.03 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.1364 Tues; -1.28% Y/Y

MNI:US MAY FHFA HPI SA +0.0% V +0.3% APR; +5.7% Y/Y

MNI: US REDBOOK: JUL STORE SALES +4.7% V YR AGO MO

German inflation: Slight upside to consensus - as our tracking expected

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

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EGB/Bund - Safe haven bids unwind

BONDS
  • A much calmer afternoon session for EGBs and Bund, after most of the bulk of the volumes trades during the first 3 hours of trading.
  • This afternoon saw some long short term cover unwinding some of the safe Haven bid, on the Russia tensions.
  • Latest from Russia Lavrov, was that "There's always a chance to agree".
  • Bond fell on the headline and have stayed offered this afternoon following a hawk Fed Bullard, but nothing was too surprising from him, as the most Hawkish member.
  • Peripheral are all wider this afternoon, but have unwound some of the price action.
  • Greece is the widest by 4bps at the time of typing.
  • Looking ahead, President Christine Lagarde addresses European Parliament on 20 years of euro banknotes and ECB's 2020 Annual Report
  • Gilt futures are down -0.07 today at 119.88 with 10y yields up 0.5bp at 1.548% and 2y yields up 5.2bp at 1.459%.
  • Bund futures are up 0.51 today at 165.46 with 10y Bund yields down -4.6bp at 0.248% and Schatz yields down -4.9bp at -0.383%.
  • BTP futures are up 0.21 today at 138.99 with 10y yields down -3.2bp at 1.919% and 2y yields down -4.5bp at 0.288%.
  • OAT futures are up 0.42 today at 156.78 with 10y yields down -4.4bp at 0.721% and 2y yields down -5.4bp at -0.311%.
HomepageBulletMarketsFixed Income BulletsForeign Exchange 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.