MNI: US NOV FINAL MANUF PMI 49.7 (FLASH 48.8); OCT 48.5

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

MNI: UK NOV FINAL MANUF PMI 48.0 (FLASH 48.6); OCT 49.9

MNI NBP WATCH: Another Policy Hold, Dovish Communications Tilt

MNI: PBOC Net Drains CNY216 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Lower At 7.1865 Mon; -1.50% Y/Y

EZ/UK T-Bill Calendar: Spain, Belgium, ESM Auction on Tuesday

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

MNI: US OCT CONSTRUCT SPENDING +0.4%

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

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

EGB/GILT

BOND SUMMARY

Eruopean govies have traded slightly firmer this morning alongside incremental equity gains, fresh upside for oil and broad G10 FX strength against the US dollar.

  • Gilts trade close to unch on the day. Last yields: 2-year -0.0392%, 5-year 0.0045%, 10-year 0.3190%, 30-year 0.9057%.
  • The bund curve has flattened with the 2s30s spread 2bp narrower on the day.
  • OATs are marginally firmer with cash yields within 1bp of yesterday's closing levels.
  • BTPs trade broadly in line with core EGBs.
  • Supply this morning came from Germany (bund, EUR2.4285bn allotted) and the UK (Gilts, GBP2.25bn).
  • UK CPI data for October came in above expectations (0.7% Y/Y vs 0.5% survey). The final Eurozone CPI print for October matched the initial estimate (-0.3% Y/Y).
  • The BoE's Andy Haldane earlier warned of the lasting economic scars from Covid. BoE Governor Andrew Bailey is due to speak at an event organised by the Carnegie Institute for World Peace at 1630GMT.
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.