MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

MNI China Daily Summary: Friday, December 13

MNI BRIEF: PBOC To Curb Any Yuan Overshot : PBOC Zou

CHINA YTD NEW LOANS CNY17.1 TRLN VS MEDIAN CNY17.5 TRLN: PBOC

MNI: PBOC Net Injects CNY14.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1876 Fri; -1.22% Y/Y

MNI: EUROZONE OCT IP +0% M/M, -1.2% Y/Y

MNI: SPAIN NOV HICP +0% M/M, +2.4% Y/Y

MNI: FRANCE NOV HICP -0.1% M/M, +1.7% Y/Y

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

Markets have shifted into a risk-off setting on renewed fears over the economic impact of Covid. Core European sovereign curves have bull flattened alongside broad losses for equities and a resurgent US dollar.

  • Gilts have outperformed with yields 6-9bp lower and the curve 3bp flatter.
  • The bund curve has similarly bull flattened with the 2s30s spread 3bp narrower.
  • OATs trade broadly in line with bunds. The short end of the curve has traded slightly weaker from Friday's close, with the 2s30s spread down 5bp.
  • BTPs have underperformed with cash yields up 1-3bp.
  • The UK government pushed large parts of the South East of the country, including London, into new Tier 4 restrictions following surging infections and concerns about a new more contagious strain of the coronavirus.
  • Governments across Europe have instituted travel bans against the UK.
  • The UK Retailing Reported Sales series came in slightly worse than expected for December at -3 vs 0 survey.
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.