DALY SEES 'NO URGENCY TO ADJUST THE POLICY RATE'

MNI BRIEF: Fed’s Collins Sees Rate Cuts Later Than Had Thought

MNI BRIEF: China March M2 Slows More Than Expected

MNI BRIEF: China Tightens Stock Market Supervision

MNI BRIEF: China Mar Exports Jump On Demand; Imports Improve

MNI: PBOC Sets Yuan Parity Lower At 7.0967 Fri; -4.87% Y/Y

MNI: BAKER HUGHES US RIG COUNT 617; OIL RIGS 506; GAS RIGS 109

March Home Sales Jumped At End Of Month

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EGB/Gilt - Big spikes across the board

BONDS
  • A busy afternoon session that saw Equities, Govies and Rate futures market seeing big spikes, following the weaker CPI miss.
  • Bund spiked some 200 ticks on the release and continues to trade at the top of its range.
  • BTP trades in 301 ticks range, pushing the BTP/Bund spread 7.5bps tighter.
  • All peripheral spreads are tighter, but Italy leads.
  • Gilt has followed suit, but lag somewhat behind against the German, pushing the spread wider.
  • The 120.00bps support has again held, and trades at 128.7bps at the time of typing.
  • Looking ahead, Fed Mester, Daly and George are still scheduled.
  • Dec Bund futures (RX) up 219 ticks at 140.39 (L: 137.97 / H: 140.52)
  • Germany: The 2-Yr yield is down 17.8bps at 2.033%, 5-Yr is down 19bps at 1.903%, 10-Yr is down 17bps at 2.002%, and 30-Yr is down 12.6bps at 1.964%.
  • Dec Gilt futures (G) up 165 ticks at 104.96 (L: 102.77 / H: 105.29)
  • UK: The 2-Yr yield is down 13.3bps at 3.097%, 5-Yr is down 14.4bps at 3.308%, 10-Yr is down 15.5bps at 3.302%, and 30-Yr is down 13.8bps at 3.428%.
  • Dec BTP futures (IK) up 250 ticks at 117.58 (L: 114.68 / H: 117.77)
  • Italy / German 10-Yr spread 8.5bps tighter at 203bps
  • Dec OAT futures (OA) up 230 ticks at 135.19 (L: 132.63 / H: 135.3)
HomepageBond Market NewsBulletMarketsFixed 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.