CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

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

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

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

EGB/Gilt: Focus on Lagarde later

BOND SUMMARY
  • EGBs and gilts have largely reversed early weakness with gilts largely unchanged and Bunds a little higher on the day.
  • Peripheral spreads are generally a little tighter, with a few exceptions.
  • Eurozone industrial production was a little better than expected while the final print of Spanish HICP was unchanged from the preliminary print.
  • Issuance this morning has seen decent German 30y Bund and UK 30-year linker auctions while Slovakia is holding a 15-year syndication with books of E5.6bln as per the latest update.
  • The most significant news has been the release of more details for the NextGenEU issuance plans. It has been confirmed that both auctions and syndications will take place with 6-monthly funding updates and with issuance due to start in the summer.
  • Later today we will hear from Lagarde in a fireside chat at 15:00BST, Schnabel in a webinar at 18:00BST and the BOE's Haskel at 15:30.
  • Gilt futures are up 0.06 today at 128.27 with 10y yields up 0.1bp at 0.778% and 2y yields up 0.2bp at 0.045%.
  • Bund futures are up 0.15 today at 171.41 with 10y Bund yields down -0.7bp at -0.300% and Schatz yields down -0.2bp at -0.709%.
  • BTP futures are up 0.27 today at 148.48 with 10y yields down -1.3bp at 0.735% and 2y yields up 0.2bp at -0.362%.
  • OAT futures are up 0.21 today at 161.94 with 10y yields down -1.1bp at -0.46% and 2y yields down -0.7bp at -0.672%.
BulletMarketsFixed Income Bullets
BulletMarketsFixed 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.