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

EGBS: Bunds Off Intraday Highs, Still Outperforming OATs and BTPs

EGBS

Bund futures are off intraday highs, but continue to outperform OAT and BTP counterparts.

  • Monday’s high of 133.07 was not quite tested earlier, leaving Bunds +64 ticks at 132.88 at typing.
  • OAT futures remain stronger on the day (+15 ticks at 124.24) following the weak flash PMI round, but have fallen some 40 ticks from intraday highs.
  • France’s left-wing New Popular Front has set out its spending plans for the economy ahead of the first round of legislative election voting on June 30. 
  • The reaction in OATs has been negative and sees the 10-year OAT/Bund spread trade ~4bps wider around the 80bps handle, just below Monday’s widest levels.
  • 10-year peripheral spreads to Bunds are also wider, with European equity futures some 0.7% lower today.
     
BulletFixed Income Bullets
BulletFixed 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.