Trial now
FOREX

China Data In Awaited

JAPAN DATA

Japan May Exports +49.6% Y/Y; 3rd Monthly Rise

US TSYS

Flat Start

US EURODLR FUTURES

EDN1 Given

JAPAN DATA

Japan Apr Machine Orders Slows; +0.6% M/M

EGB/GILT

BOND SUMMARY

European govies have traded weaker today alongside G10 gains against USD and fresh downside for stocks.

  • Gilts have traded lower with the long-end underperforming. The 2s30s spread is 3bp wider.
  • Bunds sold off early into session but have clawed back through the morning and now trade in line with yesterday's close.
  • French OATs are similarly unch on the day. Last yields: 2-year -0.7093%, 5-year -0.6825%, 10-year -0.5670%, 30-year 0.3506%.
  • The BTP curve has bear steepened with long-end yields inching up 3bp.
  • UK CPI for September narrowing missed expectations (0.5% Y/Y vs 0.6% survey), while the public sector net borrowing requirement came in at GBP35.4bn for September, above the EUR32.4bn consensus.
  • Greece is placing a Feb-35 bond through syndication today. Books were last seen above EUR14bn.
  • The BoE's Ramsden will be speaking at 1310BST with Philip Lane and Luis de Guindos from the ECB will be speaking at 1455 and 1700, respectively.
  • The FT reports that the UK government has abandoned spending plans which would covered the remainder of the parliament and will instead opt for a one-year review given the difficulties presented by the Covid crisis.
MNI London Bureau | +44 0203-865-3808 | bruce.jeffery@marketnews.com