MNI: FED'S BARKIN STILL CONFIDENT UNDERLYING INFLATION FALLING

MNI China Daily Summary: Friday, January 3

MNI China Press Digest Jan 3:RRR Cut Mooted, Yuan, Consumption

MNI BRIEF: Beijing Boosts Consumer Trade-ins To Cellphones

MNI: PBOC Net Drains CNY88.5 Bln via OMO Fri

MNI: PBOC Sets Yuan Parity Lower At 7.1878 Fri; -2.29% Y/Y

US EIA:NAT GAS STORAGE -116 BCF TO 3,413 BCF JAN 03 WK

MNI: US ISM DEC MANUF PURCHASING MANAGERS INDEX 49.3

MNI: UK NOV M4 MONEY SUPPLY +0% M/M, +2.9% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EGB/Gilts - Govies recover from their lows

BONDS

EGBs and Bund have recovered from the session lows, as EU desks start to likely cover as we head towards the later part of the session.

  • Month End could also be at play, but more would be expected towards 16.15BST.
  • Most notable extensions are in the UK, a huge +0.20yr, while EU and the US sees smaller/average extensions.
  • A decent turn around for the BTP, and good continuation following this morning's headline:
  • "Meloni Would Stick To EU Budget Rules If She Becomes PM-Officials"
  • Italy is now 12.8bps tighter against the German 10yr, and all peripheral are tighter, besides Greece that sits 2.3bps wider.
  • Looking ahead, attention turns to the BoE and US NFP next week.

Notable data for next week:

  • Manufacturing PMIs (mostly final readings for core), US ISM/Price paid (Mon), Swiss CPI, Turkey CPI, Global Services PMIs (mostly final for core), US ISM Services Index (Wed), German, French, Italian IP, Canadian Employment, US NFP (Fri).
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.