MNI: FED TO GRADUALLY MOVE TOWARD NEUTRAL OVER TIME -MINUTES

MNI BRIEF: EC Sees Slight 2025 Euro Fiscal Contraction

BOC'S MENDES SEES US TARIFF INFLATION RISKS AS TWO-SIDED

MNI China Daily Summary: Tuesday, November 26

MNI BRIEF: China Supports Globalisation Despite Turbulence

MNI: PBOC Net Injects CNY11.0 Bln via OMO Tuesday

EZ/UK T-Bill Calendar: Greece, Italy Auction on Wedesday

EZ/UK Bond Supply Calendar: Italy, Finland Auction on Thursday

MNI: US OCT NEW HOME SALES -17.3% TO 0.610M SAAR

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EGBs-GILTS CASH CLOSE: Another Session Of Two Halves

BONDS

A morning Europe FI sell-off reversed in the afternoon Tuesday in a mirror image of Monday's price action, with Bund and Gilt yields finishing well off highs.

  • Yield rises accelerated on risk-on prospects for a Ukraine-Russia ceasefire, but fell back after commodity prices dropped sharply and lowered breakeven inflation expectations.
  • Schatz and Bobl yields hit 8-year highs before falling back, with Schatz going above 0.00% briefly.
  • Multiple ECB speakers discussed rate hike prospects for this year (Holzmann sees 2x, Vasle says a raise is possible in 2022).
Closing Yields / 10-Yr Periphery EGB Spreads To Germany
  • Germany: The 2-Yr yield is up 7.1bps at -0.046%, 5-Yr is up 7.7bps at 0.438%, 10-Yr is up 5.8bps at 0.636%, and 30-Yr is up 4.6bps at 0.727%.
  • UK: The 2-Yr yield is down 0.4bps at 1.358%, 5-Yr is up 0.6bps at 1.419%, 10-Yr is up 2.8bps at 1.645%, and 30-Yr is up 1.6bps at 1.792%.
  • Italian BTP spread down 4.4bps at 148.4bps / Greek down 3bps at 222.8bps
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.