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

MNI BRIEF: BOJ Tankan: Business Inflation Expectations Solid

MNI BRIEF: RBA Details Hypothetical Monetary Policy Paths

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

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

MNI: SWEDEN NOV UNEMPLOYMENT 7.4%

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: Markets Looking For Sign Of Potential 50bp ECB Hike

BOND SUMMARY

Euro area government bonds have traded firmer this morning ahead of the ECB meeting. Equities are commodities are broadly lower, while FX performance has been mixed on the day.

  • The ECB's action plan has been well telegraphed by this point: net purchases under the APP will conclude in early July, setting the stage for a hike at the 21 July meeting. Any material deviation from this announcement constitutes a risk.
  • The balance of risks are tilted in a hawkish direction, with markets focused on any signals of a potential 50bp, rather than 25bp, policy rate hike.
  • Bunds have had a choppy start to the session and now trade firmer on the day with yields broadly 1-2bp lower. and the curve trading close to flat overall.
  • OAT yields are down 2-3bp and trading near the lows of the day.
  • BTPs have outperformed core EGBs with yields down 2-4bp and with the belly of the curve leading the way.
  • Gilts have weakened slightly across the curve, but lack strong direction.
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.