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 CASH CLOSE: BTP Yields Reach Record Lows

BONDS

With few macro/headline drivers, Thursday's session saw largely sideways trading in Gilts and Bunds following a strong start, with periphery spreads mixed.

  • That said, BTPs were a highlight, with 10-Yr yields hitting record low at 0.45%. Italy also provided the lone supply today, and saw strong demand, esp for 3-Yr BTP.
  • Friday's highlight is UK Dec GDP and components; no central bank speakers scheduled nor bond supply.

Closing yields/10-Yr Spreads to Bunds:

  • Germany: The 2-Yr yield is down 0.3bps at -0.717%, 5-Yr is down 1.3bps at -0.704%, 10-Yr is down 2.1bps at -0.458%, and 30-Yr is down 1.4bps at 0.028%.
  • UK: The 2-Yr yield is down 1.2bps at -0.04%, 5-Yr is down 1.8bps at 0.064%, 10-Yr is down 1.9bps at 0.47%, and 30-Yr is down 1.7bps at 1.054%.
  • Italian BTP spread down 2.7bps at 91.4bps/ Spanish spread down 0.4bps at 58bps
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.