MNI: PBOC Net Injects CNY28.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1854 Thurs; -1.13% Y/Y

MNI BRIEF: Ontario To Cut U.S. Energy Flows When Tariffs Hit

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI BRIEF: US Budget Deficit $367B In Nov; FYTD Record $624B

MNI China Daily Summary: Wednesday, December 11

MNI: SWEDEN FINAL NOV CPIF +1.8% Y/Y

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

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 - Q4 GDP Surprises & Vaccine Politics

BOND SUMMARY

Core European sovereign curves have bear steepened alongside soft weaker trading in periphery EGBs.

  • Gilts have sold off with yields 1-5bp higher on the day and the 2s30s spread 4bp wider.
  • Bunds trade in line with gilts with the curve 3bp steeper.
  • BTPs have traded weaker with price action relatively contained so far. Yields are within 1bp of yesterday's close.
  • German, French and Spanish GDP data for the fourth quarter came in better than expected.
  • As speculation mounts on the possibility of the EU introducing restrictions on exports of Covid vaccines, the International Chamber of Commerce has warned Brussels that blocking exports would risk global retaliation that could undermine the wider vaccination effort.
  • After the Novavax Covid vaccine was found to be nearly 90% effective in trials, the UK has secured 60m doses, which could partially mitigate the risk of disruptions to vaccines produced in the EU.
  • Supply this morning came from the UK (Bills, GBP4.5bn).
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.