MNI BRIEF: March Consumer Inflation Expectations Mixed -NY Fed

MNI BRIEF: China Pork Prices Climb For 5th Straight Week

MNI EM China Daily Summary: Monday, April 8

MNI: PBOC Conducts Net CNY2 Bln Via OMO Mon; Rates Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.0947 Mon; -4.91% Y/Y

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

BOC Data Watch

Labour Market Continues Slow And Steady Loosening

US Treasury Auction Calendar

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EGB/Gilt: Unwinding FOMC Move

BOND SUMMARY

European sovereign curves have flattened this morning with the long end unwinding the FOMC move.

  • Gilts have traded weaker at the short end while the longer end has firmed. The 2s30s spread is 4bp narrower.
  • The bund curve has bull flattened with the 2s30s trading down 2bp.
  • OATs have similarly firmed through the morning with long-end yields 1-2bp lower.
  • BTPs have mirrored gilts with the short end weaker and the long end firming.
  • UK retail sales came in weaker than expected in May (ex auto fuel -2.1% Y/Y vs 1.4% survey), while still chalking about double digit expansion relative to the same period last year.
  • The UK's Lib Dems won a local byelection in Chesham and Amersham, eating into the Tory Blue Wall.
  • HMRC data show UK food and drink exports to the EU fell by almost a half in the first quarter compared to the same period a year earlier.
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.