MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

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 - BTP and OAT lead the charge

BONDS
  • BTP and OATs lead the charge higher for Bonds.
  • The Dovish RBA overnight, scrapping its April 2024 0.1% Bond yield target, and putting cold water over aggressive tightening has kept Bond underpinned for the continent.
  • This has spilled over into JGBs and in turn Bund.
  • Continued momentum buying for BTP, saw the contract being up 151 ticks earlier, now just 141 at the time of typing.
  • Not much in terms of technical at current levels, next upside target for the contract is at the 146.60/149.90 gap.
  • The speed of the move in Italy is translating to a tighter BTP/Bund spread this morning, now by 5.9bps, after we traded at widest levels since November 2020 yesterday.
  • Gilts are also trading in the Green, but are lagging weighted by the early supplies, £3bn 2025 and £1.25bn 2071.
  • Despite the bid in the longer end, the UK 5s/30s lean bull steeper this morning.
  • Gilt/Bund spread is 1.5bp wider at 117.20bps.
  • Looking ahead, nothing of real note on the data front, speakers include ECB Elderson and de Cos
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.