MNI BRIEF: Japan June CGPI Rises 2.9% Y/Y, Higher Import Price

MNI BRIEF: Fed Banks Unanimous On Steady Discount Rate-Minutes

MNI BRIEF: Powell - Immigration Has Neutral Inflation Impact Over Long Run

MNI BRIEF: Mexico Inflation 4.98% In June, Above Consensus

MNI China Daily Summary: Tuesday, July 9

CORRECTED-MNI: China H2 Steel Outlook Subdued

MNI: JAPAN JUNE CORP GOODS PRICE INDEX +2.9% Y/Y; MAY REV +2.6%

Unemployment Rate Steady, Employment Growth Only Marginally Positive In Y/Y Terms

US Treasury Auction Calendar

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

EGBs Bear Steepening

BOND SUMMARY

European sovereign bond curves have bear steepened this morning, while USTs are a touch firmer.

  • UST cash yields are marginally below yesterday's close. TYU1 trades at 133-30+, near the middle of the day's range (L: 133-28+ / H 134-01+)
  • Gilts have traded weaker with cash yields broadly 1-2bp higher on the day.
  • It is a similar story for bunds with the curve 2bp steeper.
  • OATs trade in line with bunds, with the 2s30s spread widening 2bp
  • The German IFO report for August was a little mixed. The current assessment was slightly stronger than expected and marked an improvement on the previous month, while the expectations component undershot (97.5 vs 100.0 survey).
  • The IGCP will organise an exchange of Portuguese OTs this morning. The IGCP will buy the 4.95% Oct-23 OT and the 5.65% Feb-24 OT, and will sell an equal amount of the 2.1255 Oct-28 OT and the 4.1% Apr-37 OT.
  • Despite pressure from American allies, US President Joe Biden appears to be sticking with his end of month deadline for withdrawing US troops from Afghanistan.
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.