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: Bull Flattening As Brexit Talks Hit "Final Hours"

BONDS

Gilts rallied with bull flattening in the curve as traders took heed of warnings on both sides of the Channel that we were entering the "final hours" of talks to avert a no-deal Brexit.

  • Bunds had bear steepened in the morning but this eventually reversed on Brexit's gravity.
  • Periphery spreads traded wider.
  • After such a busy week, it's a relatively thin schedule for the upcoming week ahead of the Christmas holiday - most attention will be on Brexit.

Closing Levels / 10-Yr Periphery EGB Spreads:

  • Germany: The 2-Yr yield is unchanged at -0.725%, 5-Yr is up 0.2bps at -0.744%, 10-Yr is down 0.1bps at -0.571%, and 30-Yr is down 0.5bps at -0.16%.
  • UK: The 2-Yr yield is down 3.3bps at -0.084%, 5-Yr is down 3.6bps at -0.042%, 10-Yr is down 3.8bps at 0.249%, and 30-Yr is down 4.1bps at 0.806%.
  • Italian BTP spread up 2.6bps at 113.6bps
  • Spanish bond spread up 1.7bps at 61.6bps/Portuguese spread up 2.5bps at 60.6bps

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.