CANADA MAY RETAILS -0.8% VS FORECAST -0.6%, PRIOR +0.6%

MNI: Canada June Retails Fall And May Biggest Drop In A Year

MNI China Daily Summary: Friday, July 19

MNI BRIEF: China To Boost Consumer Spending, New Industries

MNI BRIEF: China Enhances Fiscal Response To Boost Economy

MNI BRIEF: China To Promote Migrates' Rights, Reform Hukou System

MNI: BAKER HUGHES US RIG COUNT 586; OIL RIGS 477; GAS RIGS 103

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

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

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

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

EGB/Gilt: Mixed Start

BOND SUMMARY

Core European sovereign bonds started the session on a weak footing following yesterday's sell-off, but have firmed through the morning alongside fresh downside for equities.

  • Gilt yields are broadly 1bp lower in the belly and long-end of the curve with the 2s30s spread 1bp narrower.
  • The bund curve has similarly flattened with the 2s30s spread inching down 1bp
  • BTPs have continued to trade weaker with cash yields up to 1bp higher on the day and curve trading close to flat overall.
  • This morning's UK labour market data was a touch better than expected with the official unemployment rate below consensus (4.9% vs 5.0% survey), while the 3m/3m employment change stood at -73k vs -145k expected.
  • Supply this morning came from the UK (Gilts, GBP3.25bn), Germany (Schatz, EUR8.02bn allotted), Spain (Letras, EUR1.96bn) and the ESM (Bills, EUR1.5bn).
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.