MNI BRIEF: IMF Cuts Japan 2024 GDP View To +0.7% Vs. Apr 0.9%

CANADA JUNE CPI +2.7% YOY VS FORECAST +2.8%, PRIOR +2.9%

MNI China Daily Summary: Tuesday, July 16

MNI: PBOC Net Injects CNY674 Bln Via OMO Tue; Rates Unchanged

MNI China Press Digest July 16: LPR, Q2 Data, Property

MNI: PBOC Sets Yuan Parity Higher At 7.1328 Tue; -1.79% Y/Y

MNI: US MAY BUSINESS INVENTORIES +0.5%; SALES +0.0%

MNI: US NAHB HOUSING MARKET INDEX 42 IN JUL

Rebound In Core Import Prices Could Pose Some Fed Concern

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

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

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

EGB/Gilt: Edging Lower

BOND SUMMARY

European bonds have sold off this morning while equities have recovered some of yesterday's losses.

  • Gilts have underperformed EGBs with yields broadly 1-4bp higher on the day and the curve bear steepening.
  • UK GDP data for May was slightly weaker than expected at 3.6% (3M/3M) vs 3.9% survey.
  • Bunds had a choppy start with yields now edging higher while still within 1bp of yesterday's close.
  • It is similar for OATs where yields are 1bp higher across much of the curve.
  • Price action in BTPs has been relatively contained with trading near yesterday's closing levels.
  • Supply this morning came from the UK (UKTBs, GBP3.0bn) and Italy (BOTs, EUR7.5bn).
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.