FED'S BARR: WE THINK FAIRLY SOON WE CAN ADJUST PACE OF QT

FED BARR: EXPECT BROAD, MATERIAL CHANGES TO BASEL III PROPOSAL

MNI:Canada Apr-Jan Deficit Grows Before Full Budget Due Apr 16

MNI EM China Daily Summary: Friday, March 22

MNI China Press Digest Mar 22: Autos, Local Gov, Real-Estate

MNI: PBOC Drains Net CNY11 Bln Via OMO Fri; Rates Unchanged

MNI: BAKER HUGHES US RIG COUNT 624; OIL RIGS 509; GAS RIGS 112

EZ/UK T-Bill Calendar: Germany, France Auction Monday

MNI: BELGIUM MAR BNB BUSINESS SURVEY -10.4

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

EGBs-GILTS: Focus Squarely On ECB

BOND SUMMARY

Gilts and Bunds are trading fairly flat early Thursday, with periphery spreads a little tighter (BTPs outperforming in a broadly risk-on session so far).

  • With little data for the rest of the session (French confidence figures were broadly in line earlier) and no bond supply, central banks are the focus of the session.
  • BoE's Broadbent speaks at 0930BST, of interest given recent MPC members' comments tilting toward hawkishness.
  • Then of course we get the ECB decision (1245BST) and press conference (1330BST).
  • Focus is on the strategy review and change in monetary policy objective. While Lagarde Q&A will be keenly eyed, also note there will be a change in format with a different style of opening statement.

Latest levels:

  • Sep Bund futures (RX) up 4 ticks at 175.57 (L: 175.49 / H: 175.78)
  • Sep Gilt futures (G) down 1 ticks at 129.36 (L: 129.35 / H: 129.6)
  • Sep BTP futures (IK) up 23 ticks at 153.48 (L: 153.43 / H: 153.65)
  • Italy / German 10-Yr spread 1.5bps tighter at 106.8bps
BulletMarketsFixed Income BulletsHomepage
BulletMarketsFixed Income BulletsHomepage

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.