FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

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: Risk-Off Theme Continues To Support EGBs

BOND SUMMARY

Stocks have continued to edge lower this morning alongside further broad gains for European sovereign bonds.

  • A new data privacy law in China underpinned the sell-off in Asian stocks and further compounded wider concerns over global growth and rising Covid infections, which has driven demand for EGBs.
  • Gilts have marginally outperformed EGBs, particularly at the shorter end of the curve, which has bull steepened.
  • UK retail sale came in weaker than expected in July (ex Auto 1.8% Y/Y vs 5.8% survey).
  • Bunds have firmed with cash yields broadly 1bp lower on the day.
  • OATs trade in line with bunds. Yields have inched down 1bp with the curve close to flat overall.
  • BTPs initially had a strong start before selling off back towards closing levels.
  • Supply this morning came from the UK (UKTBs, GBP3bn),
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.