MNI: Canada Apr-Sept Budget Deficit Widens On Spending

CANADA'S TRUDEAU: I CONTINUE TO HAVE GOOD TALKS WITH TRUMP

MNI BRIEF: Little Macro Difference On Rate Oprions- de Guindos

MNI BRIEF: PBOC Added Outright Repo For Ample Lqdty In Nov

MNI China Daily Summary: Friday, November 29

MNI BRIEF: China Extends U.S. Import Tariff Exemption List

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

CANADA Q3 GDP ANNUALIZED +1.0% AS EXPECTED ON GOVT, CONSUMERS

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: Firm Start To The Week

BOND SUMMARY

European sovereign bonds have started the week on a firm footing while equities are broadly weaker.

  • Gilts have outperformed EGBs with cash yields 1-3bp lower on the day and the curve bull flattening. There was some media speculation over the weekend of a breakdown in relations between UK PM Boris Johnson and the Chancellor of the Exchequer Rishi Sunak.
  • Bunds have edged higher with the curve 1bp flatter.
  • OATs trade in line with bunds with yields 1bp lower across much of the curve.
  • It is a similar story for OATs, which have mirrored the move in core EGBs.
  • Supply this morning came from Germany (Bubills, EUR3.695bn allotted). France will offer EUR4.0-5.2bn of BTFs later today.
  • German trade data for June came in stronger than expected with exports up 1.3% M/M vs 0.3% survey and the trade surplus widening to EUR16.3bn from EUR12.3bn the previous month.
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.