MNI BRIEF: BOJ Tankan: Business Inflation Expectations Solid

MNI BRIEF: RBA Details Hypothetical Monetary Policy Paths

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 BOJ DEC TANKAN LARGE MFG INDEX +14; SEPT 13; MEDIAN +12

MNI INTERVIEW2: Poland To Push For EU Defence Fund

MNI: UK DEC GFK CONSUMER CONFIDENCE INDEX -17

EZ/UK Bond Supply Calendar: Belgium ORI Facility on Friday

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

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 - Trading Weaker Ahead of the FOMC

BOND SUMMARY

European sovereign curves have bear steepened ahead of the FOMC meeting later today, while equities have inched higher.

  • Gilts have underperformed EGBs. Cash yields are 1-5bp higher on the day with the curve 4bp steeper.
  • The bund curve has similarly steepened with the 2s30s spread up 3bp.
  • OATs trade in line with bunds.
  • BTP yields are 1-3bp higher. Last yields: 2-year -0.2841%, 5-year 0.1746%, 10-year 0.8903%, 30-year 1.8864%.
  • Supply this morning came from the UK (linker, GBP900mn), Germany (Bund, EUR2.132bn allotted), Italy (BOTs, EUR6.5bn), Netherlands (DSL, ER2.35bn) and Greece (GTBs, EUR625mn). Portugal also conducted an OT exchange (EUR93mn).
  • French consumer confidence data for April came in slightly stronger than exepcted (94 vs 93 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.