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 INTERVIEW2: Poland To Push For EU Defence Fund

MNI BRIEF: China To Keep Stabilising Housing Market - CEWC

MNI BRIEF: China Focus On Boosting Consumption In 2025

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: US JOBLESS CLAIMS +17K TO 242K IN DEC 07 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: Bonds & Equities Under Pressure

BOND SUMMARY

Government bonds and equities have sold off this morning while the dollar has gained ground across the board.

  • Higher energy prices at a time of intensifying logistical challenges coming out of the pandemic has stoked concerns that inflation could prove more persistent at the same time that growth expectations are being reassessed.
  • Gilts continue to underperform core EGBs with cash yields 3-4bp higher across the curve.
  • Bunds have traded weaker with yields pushing up 1-2bp.
  • OATs trade in line with bunds and with the curve a touch steeper.
  • BTPs underperform core EGBs with yields 2-4bp higher on the day.
  • The UK Construction PMI for September came in at 52.6 vs 54.0 survey, while Eurozone retail sales for August similarly missed, coming in at 0.00% Y/Y vs 0.4% Y/Y expected.
  • Supply this morning came from the UK (Gilts, GBP2.50bn), Germany (Bobl, EUR3.235bn), Greece (GTBs, EUR625mn) and the ESM (Bills, EUR4.992bn). Slovakia also sold EUR1bn of a 30-year bond via syndication with books above EUR3.6bn).
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.