MNI BRIEF: China-Based UK Firms Facing Challenges

MNI: PBOC Net Drains CNY248 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.1996 Tue; -1.92% Y/Y

MNI NBP WATCH: Another Policy Hold, Dovish Communications Tilt

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

MNI: PBOC Net Drains CNY216 Bln via OMO Monday

MNI:AUSTRALIA Q3 CURR ACCT BALANCE -14149M

MNI: UK BRC NOV BY VALUE SHOP SALES LFL -3.4% YY, TOTAL -3.3% YY

EZ/UK T-Bill Calendar: Spain, Belgium, ESM Auction on Tuesday

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

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

EGB/Gilt: Bull Flattening

BOND SUMMARY

European sovereign bonds have rallied this morning alongside modest equity gains and uneven trading in G10 FX vs the USD.

  • Gilt cash yields are 1-3bp lower on the day and the curve has bull flattened.
  • Bunds have similarly firmed, but have underperformed gilts. Yields are broadly 1-2bp lower with the curve 1bp flatter.
  • OATs trade in line with bunds. Last yields: 2-year -0.6663%, 5-year -0.559%, 10-year -0.0222%, 30-year 0.8335%.
  • BTPs have slightly outperformed core EGBs, with yields 3-4bp lower in the belly of the curve.
  • Supply this morning came from Ireland (Bills, EUR750mn and the Apr-41 IGB syndication).
  • US retail sales and industrial production for March will be a potential price catalyst for EGBs this afternoon.
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.