MNI: Bloc Leader Cool To Poilievre Snap Canada Election Demand

MNI BRIEF: EU Exposure To Global Trade Break "High" - Draghi

MNI China Daily Summary: Monday, Sept 9

MNI BRIEF: Mexico Inflation Falls To 4.99% In August

MNI BRIEF: China Aug CPI Rises To Half-year High At 0.6% Y/y

MNI: PBOC Net Injects CNY88 Bln via OMO Monday

MNI: US JUL CONSUMER CREDIT +$25.5B

EZ/UK Bond Supply Calendar: EU, IT Syndis; NE, UK, DE Due Tuesday

MNI:US JUL WHOLESALE INV 0.2%; SALES 1.1%

AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA: Albanese Lines Up Budget for May Election

UK: Week Ahead

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

EGB/Gilt: Mixed Start

BOND SUMMARY

European sovereign bonds trade mixed this morning with gilts/core EGBs broadly firming alongside relatively uneven trading in periphery EGBs.

  • Gilts have edged higher with cash yields 1bp lower on the day and the curve marginally bull flattening following yesterday's steep sell-off.
  • Bunds are similarly slightly firming with the curve 1bp flatter.
  • BTPs have sold off with yields broadly 1-3bp higher and the curve a touch steeper.
  • The SPGB curve has steepened slightly on the back of the short end firming and longer end yields inching higher. The 2s30s spread widening by 1bp.
  • Italian and Spanish PMI data for December came in weaker than expected, while Italian CPI data for the same month was in line with expectations (4.2% Y/Y).
  • Supply this morning came from Germany (Bund, EUR3.13bn allotted), Spain (Bono/Obli/ObliEi, EUR5.68bn) and the EU (Bills, EUR2.999bn). Slovenia is auctioning 4- and 40-year bonds with books last seen above EUR4.6bn for the former and EUR1.5bn for the latter.
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.