MNI China Daily Summary: Friday, April 26

MNI BRIEF: China, US Should Strengthen Dialogue, Cooperation

MNI BRIEF: SNB Framework Reform 'Playing With Fire' - Steiner

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.1056 Fri; -4.56% Y/Y

MNI: BAKER HUGHES US RIG COUNT 613; OIL RIGS 506; GAS RIGS 105

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL APR INDEX 77.2

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EGB/Gilt: Mixed Start

BOND SUMMARY

It has been a mixed start to the week with gilts trading weaker, EGBs rallying, equities broadly lower and trading uneven against the USD.

  • Gilts started off on a firm footing but quickly gave up the early gains. The shorter end of the curve has underperformed with the 2s30s spread 1bp narrower on the day.
  • Bunds have firmed with cash yields broadly 1bp lower.
  • It is a similar story for OATs with yields 1-2bp lower and the curve touch flatter.
  • BTPs have traded in line with core EGBs. Yields are 1-2bp lower across the curve.
  • Eurozone retail sales data for February came in better than expected (3.0% M/M vs 1.7% survey.
  • Supply this morning came from Germany (Bubills, EUR3.239bn allotted) and Ireland (Bills, EUR750mn). In addition, the EFSF placed EUR4bn of the 0% Jul-26 bond through syndication with an order book in excess of EUR18bn. Austria has announced a dual-tranche syndication to sell 4- and 50-year bonds, which we expect to take place tomorrow.
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.