MNI BRIEF: China Hog Market More Balanced In Q2 - Ministry

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Higher At 7.1046 Fri; -5.03% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1046 FRI VS 7.1020

MNI BRIEF: Beijing Opposes U.S. Measures Against Chinese Steel

MNI: GERMANY FEB PRODUCER PRICES -2.9% Y/Y

MNI: UK MAR RETAIL SALES +0% M/M, +0.8% Y/Y

Retail sales due at 7:00BST

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EGBs-GILTS: Busy Supply Schedule

BOND SUMMARY

A quieter tone to Thursday vs Wednesday's furore over AstraZeneca vaccine safety, with volumes relatively subdued and equities on the front foot. Gilts underperforming and German curve mixed, while periphery spreads are a little tighter.

  • Another heavy day of issuance, mainly auctions today vs Wednesday's syndications: Spain sells up to E5.5bn of Bono/Obli and E1bn of linkers; France sells up to E11bn of OAT; UK sells GBP2.75bn of 10-Yr Gilt.
  • In the only European Tier 1 data of the day, German Feb factory orders made a 3-month high in Feb but were below expected (and Jan revised down).
  • No scheduled speakers though ECB's Lane reiterated in a Handelsblatt guest article that maintaining "favorable financing conditions is essential for a return to inflation"; ECB's Knot noted also in a CNBC interview of the need to avoid the premature tightening of financing conditions.

Latest levels:

  • Jun Bund futures (RX) up 12 ticks at 171.79 (L: 171.63 / H: 171.83)
  • Jun Gilt futures (G) down 4 ticks at 128.16 (L: 128.13 / H: 128.25)
  • Jun BTP futures (IK) up 28 ticks at 149.27 (L: 148.97 / H: 149.36)
  • Italy / German 10-Yr spread 2bps tighter at 99.7bps
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.