MNI China Daily Summary: Wednesday, Aug 28

MNI DATA TABLE: MNI China Interbank Liquidity Index (Aug) - 3

MNI DATA TABLE: MNI China Interbank Liquidity Index (Aug) - 2

MNI: PBOC Net Injects CNY19.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1216 Weds; +2.31% Y/Y

CHINA PBOC CONDUCTS CNY277.3 BILLION VIA 7-DAY REVERSE REPOS WEDS

MNI: FRANCE AUG CONSUMER SENTIMENT 92

MNI China Liquidity Index™ – Conditions Edge Tighter In Aug

MNI DATA TABLE: MNI China Interbank Liquidity Index (Aug) - 1

UK: Week Ahead

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

EGB/Gilt - German 10yr Yield edges towards 1.70%

BONDS
  • Another busy session for EGBs and Bund, with Yields still trading near their peaks.
  • More notable price action has been in the longer end, with the German 30yr breaching 1.8%, highest since 2014.
  • German 10yr Yield is still edging towards 1.70%, now at 1.671% at the time of typing.
  • 1.70% would equate to 144.12 in futures.
  • Peripheral spreads are mixed, Italy trades 3.3bps tighter today, while Greece is 8.5bps wider.
  • Bund underperforms Gilt and Treasuries, as investors price a more aggressive rate path from the ECB.
  • Early heavy European supply was also a factor on delta hedging for EGBs versus the Gilt.
  • The fall in the Pound has also kept the Gilt underpinned.
  • Gilt/Bund spread has tightened 9.6bps, and eye the 2022 low at 79.03, now at 79.6bps.
  • Below the latter, opens to the 2021 low at 75.69.
  • Looking ahead, all the attention turns to the Fed tomorrow.
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.