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: Markets Reverse Course Following Friday Risk-Off

BOND SUMMARY

Following the abrupt risk-off mood at the back end of last week, markets have paired back this morning with equities pushing higher and European sovereign FI selling off.

  • The ECB's Villeroy and de Cos reiterated again the official line that the inflation spike is largely transitory, while Isabel Schnabel also stressed that it would be premature to consider policy tighten.
  • Gilts have underperformed EGBs with cash yields 2-4bp higher and the curve bear flattening.
  • Bund yields are 1-3bp higher on the day.
  • The sell-off in OATs has been relatively contained with cash yields up 1-2bp.
  • It is a similar story for BTPs where yields have edged up 1bp across the curve.
  • German regional CPI data for November accelerated sharply from the previous month with the national estimate due out at 1300GMT.
  • Supply this morning came from Germany (Bubills, EUR5.132bn allotted).
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.