MNI BRIEF: Trump Likely To Let Powell Serve Full Term-Moore

MNI BRIEF: Canada Household Debt Tops $3 Trillion In 3Q

MNI BRIEF: Trump Likely To Allow Powell To Serve Term - Moore

MNI BRIEF: China To Keep Stabilising Housing Market - CEWC

MNI BRIEF: China Focus On Boosting Consumption In 2025

MNI BRIEF: China To Cut Rates, Boost Borrowing-Work Conference

US EIA:NAT GAS STORAGE -190 BCF TO 3,747 BCF DEC 06 WK

MNI: US JOBLESS CLAIMS +17K TO 242K IN DEC 07 WK

MNI: US NOV FINAL DEMAND PPI +0.4%, EX FOOD, ENERGY +0.2%

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

EGB/GILT

BOND SUMMARY

The eurphoria over the Pfizer vaccine has died down somewhat. Equities have inched lower while European sovereign bonds have rallied.

  • Gilts have traded firmer with yields 1-3bp lower on the day and the curve bull flattening.
  • The bund curve has similarly flattened with the 2s30s spread 2bp narrower.
  • OATs trade broadly in line with bunds. Last yields: 2-year -0.6845%, 5-year -0.6254%, 10-year -0.2752%, 30-year 0.4075%.
  • BTPs have outperformed with cash yields down 2-5bp.
  • Supply this morning came from the UK (Gilts, GBP4.25bn), Italy (M/L-T BTPs, EUR6.0bn) and Ireland (bonds, EUR1.25bn).
  • UK preliminary Q3 GDP came in close to expectations (15.5% Q/Q vs 158% survey) with both consumer spending and gross fixed capital formation growth exceeding expectations. Elsewhere, Eurozone industrial production for September missed (-6.8% Y/Y vs -5.8% survey).
  • There are reports of bitter feuding within Downing Street which has led to the resignation of the Director of Communications Lee Cain.
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.