MNI: Fed: Policy Well Positioned To Respond To Risks

CANADA JUNE JOBS -1.4K VS FORECAST +20K, PRIOR +26.7K

MNI China Daily Summary: Friday, July 5

MNI BRIEF: PBOC Plans To Borrow Hundred Bln Yuan CGB - Press

MNI: PBOC Net Drains CNY48 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1289 Fri; -0.35% Y/Y

MNI: BAKER HUGHES US RIG COUNT 585; OIL RIGS 479; GAS RIGS 101

EZ/UK T-Bill Calendar: Germany, France to Issue Bills Monday

EZ/UK Bond Supply Calendar: EU/UK Syndications Due Next Week

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

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

EGB/Gilts- Gilt underperforms

BONDS
  • EGB and BUnd have pared some of their latest rallies, but are still overall in the green and off their lows.
  • Volumes this week have been very poor, but still provided wide range sessions.
  • Recession fears, remain the main trend, and has keep Govies and rate markets underpinned.
  • Peripheral spreads are mixed, Italy is now just 5.1bps wider, and Portugal trades 3bps tighter against the German 10yr.
  • Gilt underperforms Germany, and the Gilt/Bund spread sits 3.1bps wider, and testing 95.00bps, widest level since the beginning of June.
  • Looking ahead, Fed Daly speaks.
  • Notable data for next week: UK Employment, EU CPI final (Tue), UK CPI, SA CPI (Wed), Japan CPI, UK Retail Sales, EU, UK, US prelim Services PMIs (fri).
  • Sep Bund futures (RX) up 85 ticks at 153.02 (L: 152.26 / H: 153.8)
  • Germany: The 2-Yr yield is down 6.6bps at 0.457%, 5-Yr is down 4.9bps at 0.825%, 10-Yr is down 4.9bps at 1.129%, and 30-Yr is down 2.2bps at 1.361%.
  • Sep Gilt futures (G) up 7 ticks at 115.7 (L: 115.35 / H: 116.39)
  • UK: The 2-Yr yield is down 4.6bps at 1.916%, 5-Yr is down 3.5bps at 1.798%, 10-Yr is down 1.5bps at 2.086%, and 30-Yr is up 2bps at 2.571%.
  • Sep BTP futures (IK) up 60 ticks at 123.82 (L: 122.98 / H: 124.42)
  • Sep OAT futures (OA) up 79 ticks at 142.15 (L: 141.51 / H: 142.57)
  • Italian BTP spread up 6bps at 213.2bps
  • Spanish bond spread down 0.8bps at 115bps
  • Portuguese PGB spread down 3.2bps at 116.4bps
  • Greek bond spread up 6.5bps at 238.9bps
HomepageBulletMarketsFixed Income BulletsForeign Exchange 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.