US NOV FLASH MANUF PMI 48.8 (FCST: 48.9); OCT 48.5

MNI:Largest Canada New Home Price Dip Since `09 Led By Toronto

CANADIAN OCT FLASH RETAIL SALES +0.7%, 4TH STRAIGHT INCREASE

MNI China Daily Summary: Friday, November 22

MNI: PBOC Net Drains CNY345.9 Bln via OMO Friday

MNI BRIEF: Fed Should Explore Central Clearing At SRF-Hammack

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

EZ/UK Bond Supply Calendar: Gilt Syndi; IT, EU Due Monday

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL NOV INDEX 71.8

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

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

EGB/GILT

BOND SUMMARY

Core European govies have traded firmer this morning following a weak start. The data slate has been relatively light in Europe, with German industrial production for July (-10.0% Y/Y vs -7.4% consensus) being the only release of note.

  • Gilts have rallied with cash yields 1-2bp lower and the curve trading flat overall. The Dec-20 gilt future trades at 135.79, 4 ticks off the day's high.
  • The FT reports that the UK government is planning new legislation which would override parts of the Withdrawal Agreement, which would threaten to undermine Brexit negotiations.
  • Bunds opened lower but quickly recovered lost ground to trade close to unch on the day.
  • It is a similar story for French OATs. Last yields: 2-year -0.6307%, 5-year -0.577%, 10-year -0.1748%, 30-year 0.5286%.
  • BTPs have sold off with cash yields ~2bp higher.
  • Supply this morning came from Germany (bubills, EUR3.768bn) and the Netherlands (DTCs, EUR2.59bn).
Homepagemarkets-real-timeBulletMarketsFixed 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.