MNI China Daily Summary: Monday, July 29

MNI: China CFETS Yuan Index Up 0.15% In Week of Jul 26

MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Higher At 7.1316 Mon; -1.56% Y/Y

CHINA PBOC CONDUCTS CNY301.57 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1316 MON VS 7.1270

BoE Data Watch

BoJ Data Watch

Fed Data Watch

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EGB/Gilt - A fast market afternoon session

BONDS
  • An incredibly busy session for EGBs, Gilts and Bund.
  • Yields rose across the board after ECB Lagarde's comment on inflation.
  • Noting that there is now unanimous concerns about the inflation data. And when pressed, she did not repeat statement that a rate hike in 2022 was unlikely.
  • Bund and EGBs plummeted, with Bund just shy of the next yield level at 0.152%, which equates to 166.97, printed a 166.98 low at typing..
  • Peripheral spreads are wider, with Italy in the lead, by 8bps, edging at highest level since September 2020.
  • Similar story for Gilt after the BoE hiked 25bps to 0.50% as expected, but 4 BoE dissenters voted for a 50bps hike, and no members voted for rate to remain unchanged.
  • Gilt futures are down -1.10 today at 121.32 with 10y yields up 11.8bp at 1.373% and 2y yields up 12.2bp at 1.146%
  • Bund futures are down -1.50 today at 167.16 with 10y Bund yields up 9.9bp at 0.137% and Schatz yields up 10.0bp at -0.367%.
  • BTP futures are down -2.10 today at 142.94 with 10y yields up 17.2bp at 1.600% and 2y yields up 16.0bp at 0.131%.
  • OAT futures are down -1.62 today at 159.05 with 10y yields up 11.4bp at 0.564% and 2y yields up 5.3bp at -0.590%.
HomepageBulletMarketsFixed Income BulletsForeign Exchange 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.