MNI: US TSY: LOWERS Q3 BORROWING ESTIMATE BY $106B TO $740B

MNI BRIEF: US Treasury Lowers Q3 Borrowing Estimate By $106B

MNI BRIEF: New Powers For UK Fiscal Body As Spending Overshot

MNI China Daily Summary: Monday, July 29

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

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

EZ/UK T-Bill Calendar: Belgium Nov 7, 2024 Short TC Due Tuesday

EZ/UK Bond Supply Calendar: Italy, UK Auction on Tuesday

BoE 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 - Attention turns to the Fed

BONDS
  • EGBs and Bund faded off their highs lead by US Treasuries, following the decent beat in ISM services.
  • The session was a little more stable today, with lower volumes compared to last Thursday/Friday, but ranges are once again decent.
  • Curves were edging bull steeper, before the US joined the session.
  • But since the US data, we are bear steeper.
  • Peripherals are all tighter against the German 10yr, Italy leads by 4.5bps to 119bps.
  • Gilts are underperforming on positioning ahead of the BoE tomorrow.
  • Gilt/Bund spread has widened by 4.2bps to 123.8bps.
  • Looking ahead , all the attention turns to the Fed and Powell
  • Gilt futures are down -0.37 today at 124.77 with 10y yields up 3.7bp at 1.072% and 2y yields up 3.1bp at 0.689%.
  • Bund futures are down -0.25 today at 169.08 with 10y Bund yields up 1.0bp at -0.156% and Schatz yields up 2.0bp at -0.654%.
  • BTP futures are up 0.33 today at 150.25 with 10y yields down -2.4bp at 1.047% and 2y yields up 2.4bp at -0.182%.
  • OAT futures are down -0.16 today at 165.41 with 10y yields up 0.5bp at 0.191% and 2y yields up 0.1bp at -0.670%.
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.