MNI BRIEF: BOJ Urges Bank Vigilance Against Tail Risks

MNI BRIEF: China Aims To Digitalise 70% Of Firms By 2025

MNI BRIEF: Q1 Cross Border Activity Up 117.8% - Ministry

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

MNI: PBOC Sets Yuan Parity Lower At 7.1020 Thurs; -5.02% Y/Y

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

Q1 Industry Survey Suggests H1 Growth Tailwind

Indonesian Sov Curve Flattens, Barclays See BI Cutting Next Week

Australia Mar Unemployment Rate 3.8%

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 CASH CLOSE: Awaiting Lagarde

BONDS

Bund and Gilt yields fell Wednesday, with mixed moves (UK short-end outperformed, whereas it was the opposite in Germany). Periphery spreads a little tighter.

  • Little newsflow driving the market, with more attention on US CPI data (which came in on the soft side, boosting global core FI), and the ECB decision and Pres Lagarde's press conf on Thursday.
  • In data, French IP came in stronger than expected; bond supply came from UK (Linker, GBP800mn), Germany (Bobl, EUR3.2595bn allotted), Portugal (OTs, EUR1.25bn), with Latvia selling E1.25bn in 10-yr bonds via syndication.
  • Late in the session, the EU sent an RfP for further SURE issuance.

Closing yields/10-Yr Spreads to Bunds:

  • Germany: The 2-Yr yield is down 0.1bps at -0.682%, 5-Yr is down 0.7bps at -0.616%, 10-Yr is down 1.2bps at -0.313%, and 30-Yr is down 2.1bps at 0.184%.
  • UK: The 2-Yr yield is down 1.8bps at 0.066%, 5-Yr is down 1.4bps at 0.319%, 10-Yr is down 1.3bps at 0.714%, and 30-Yr is down 1.3bps at 1.229%.
  • Italian BTP spread down 0.5bps at 98.8bps /Spanish spread up 0.1bps at 66.5bps
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.