MNI BRIEF: PBOC To Curb Any Yuan Overshot : PBOC Zou

MNI: GERMANY OCT EXPORTS -2.8% M/M (VS FCST -2.6%)

MNI BRIEF: BOJ Tankan: Business Inflation Expectations Solid

MNI: PBOC Net Injects CNY14.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1876 Fri; -1.22% Y/Y

MNI BOJ DEC TANKAN LARGE MFG INDEX +14; SEPT 13; MEDIAN +12

MNI: EUROZONE OCT IP +0% M/M, -1.2% Y/Y

MNI: SPAIN NOV HICP +0% M/M, +2.4% Y/Y

MNI: FRANCE NOV HICP -0.1% M/M, +1.7% Y/Y

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: Giving Up Early Gains

BOND SUMMARY

The early bid in European sovereign bonds has unwound, while USTs are holding on to gains.

  • Having started on a firm footing, gilts sold off through the morning with the short-end of the curve underperforming. Bear flattening has driven the 2s30s spread down 2bp.
  • Bunds have similarly given up the early gains to now trade close to flat on the day.
  • OATs have underperformed bunds on the day with long end yields 1-2bp higher.
  • Supply this morning came from Germany (Bubills, EUR3.587bn) and Belgium (OLOs, EUR3.101bn). France will come to market this afternoon to sell BTFs.
  • Beyond the German IFO update for July (weaker than expected), there was little to note this morning on the data front. It is similar a quiet day for European central bank speakers with just the BoE's Gertjan Vlieghe talking on demographics, debt and income at 1200BST.
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.