CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

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-GILTS: Brexit Driving Gilts Higher Again

BOND SUMMARY
Bunds and Gilts are bid, with bull flattening moves, on early headlines that EU's von der Leyen has told the EU summit that a 'no deal' Brexit is the most likely option.
  • Periphery spreads flat/tighter despite general risk-off (equities sharply lower; BoE's Bailey sounding cautionary in comments on Financial Stability Review re no-deal Brexit impact too).
  • We get some ECB speakers today including ECB's Holzmann (0900GMT), Centeno (1030GMT), and de Cos (1500GMT).
  • Not much else to watch today apart from Brexit developments - data's mainly final Nov CPI (Italy Oct IP at 0900GMT not a market mover), and only EGB supply is Belgium's optional reverse auction (up to E500mln).

Latest levels:

  • Mar Bund futures (RX) up 39 ticks at 178.47 (L: 178.17 / H: 178.49)
  • Mar Gilt futures (G) up 38 ticks at 135.8 (L: 135.45 / H: 135.83)
  • Mar BTP futures (IK) up 40 ticks at 152.31 (L: 152.13 / H: 152.32)
  • Italy / German 10-Yr spread 0.5bps tighter at 116bps
BulletMarketsFixed Income Bullets
BulletMarketsFixed 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.