MNI China Daily Summary: Wednesday, April 17

MNI BRIEF: China To Quicken Project Construction - NDRC

MNI BRIEF:ECB Unifies Interest On Non-Monetary Policy Deposits

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

MNI: PBOC Sets Yuan Parity Lower At 7.1025 Weds; -5.39% Y/Y

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

MNI: FOREIGN HOLDINGS OF CANADA SECURITIES -8.8B CAD IN FEB

ECB Underlying Inflation Metrics Support June Cut Consensus

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

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: Recovering Earlier Losses

BOND SUMMARY

European sovereign bonds traded weaker this morning before recouping losses.

  • Gilts opened lower, but have gradually recovered losses through the morning to now trade marginally below yesterday's close.
  • It is a similar story for bunds, which have now traded a touch above yesterday's closing levels.
  • OATs are close to unchanged on the day with the curve flat overall.
  • BTP yields are <=1bp higher on the day.
  • While UK wage growth was in line with expectations for November, the recorded unemployment rate came in a touch better than expected (4.1% vs 4.2% consensus) and payrolled employees grew 54k more than expected in December alongside a downward revision of 95k to the November reading.
  • Supply this morning came from the UK (Gilts, GBP2.5bn), Germany (Bobl, EUR3.22bn allotted), Italy (BTP, EUR1.75bn), Spain (Letras, EUR2.08bn), Finland (RFGB, EUR995mn) and the ESM (Bills, EUR1.5bn). In addition, Belgium launched a EUR5bn Jun-32 bond with book size in excess of EUR21bn.
  • The ECB's Francois Villeroy de Galhau speaks at a conference at Paris Dauphine University later today.
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.