MNI BRIEF: Powell Says US Is 'Far' From Fiscal Dominance

MNI BRIEF: US Firms Wary of Tariff-Related Inflation - Fed

MNI: US NOV FINAL SRVCS PMI 56.1 (FLASH 57.0); OCT 55.0

MNI NBP WATCH: Rates Held, Outlook Unchanged

MNI BRIEF: Barkin Aims For 'Somewhat Restrictive' Fed Rates

MNI China Daily Summary: Wednesday, Dec 4

EZ/UK Bond Supply Calendar: Spain, France Auction, UK Tender

US EIA: CRUDE OIL STOCKS EX SPR -5.07M TO 423.4M NOV 29 WK

MNI: US ISM NOV SERVICES COMPOSITE INDEX 52.1

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

Core European govies started the session on a weak footing, but recovered early losses, and partially unwinding yesterday's sell off. European stocks and global energy have inched lower while the US dollar is on the back foot against G10 FX.

  • Gilts have traded firmer through the morning and are now in line with yesterday's closing levels. The curve is 1bp flatter on the day.
  • It is a similar story for bunds. Last yields: 2-year -0.7154%, 5-year -0.6912%, 10-year -0.4493%, 30-year 0.0164.
  • The OAT curve is marginally steeper with the 2s30s spread 1bp wider.
  • BTPs are now close to unch on the day with the curve flat overall.
  • Supply this morning came from Germany (linker, EUR1.111bn allotted), Spain (letras, EUR6.67bn), Belgium (TCs, EUR 2.022bn) and Finland (bills, EUR2bn).
  • The European data calendar was relatively light again this morning. German export data for December came in better than expected (0.1% M/M vs -0.6% survey), while Italian industrial production for the same period missed (-0.2% M/M vs 0.3% expected).
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.