MNI BRIEF: ECB Cut On Disinflationary Process Trust-Centeno

CANADA MAY JOBS +26.7K VS FORECAST +20K, PRIOR +90.4K

MNI China Daily Summary: Friday, June 7

MNI BRIEF: Mexico Inflation 4.69% In May, Below Consensus

MNI BRIEF: China May Forex Reserves Rise On Weakened Dollar

MNI BRIEF: China Service Trade Grows Rapidly, Deficit Expands

MNI: US APR CONSUMER CREDIT +$6.4B

MNI: BAKER HUGHES US RIG COUNT 594; OIL RIGS 492; GAS RIGS 98

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

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

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

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

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

EGB/GILT: BOE Faces Criticism On Inflation

BOND SUMMARY

Gilts and EGBs have broadly traded higher this morning alongside uneven trading in equities.

  • Gilts have firmed with cash yields 2bp lower across the curve.
  • Bunds have slightly lagged on the day with yields broadly 1bp lower.
  • It is a similar story for OATs where the curve is 1bp flatter on the day.
  • The Lords Economic Affairs Committee has argued that the Bank of England has failed to justify its QE policy and needs to provide more justification for believing that the recent surge in inflation is temporary. This follows on the heels of comments yesterday from the BoE's Saunders who suggested that the central bank could soon have to curtail the pandemic stimulus.
  • The UK's Chief Medical Officer, Chris Whitty, has warned that the UK is "not out of the woods yet" at a time when the government is moving forward with reopening the economy alongside rising infections.
  • Supply this morning came from the UK (T-Bills, GBP3.0bn).
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.