-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Chart Packs -
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessUS$ Credit Supply Pipeline
US Treasury Auction Calendar
EGBs-GILTS CASH CLOSE: Core FI Gains Pared In Otherwise Strong Week
European yields rose sharply Friday, paring gains made earlier in the week but still mostly ending the week lower.
- After trending higher for most of the morning session, Bund and Gilt yields jumped in the afternoon as the highly anticipated US jobs report came in stronger than expected on both the unemployment rate and hourly earnings measures.
- ECB and BoE cut pricing for 2024 was reduced, sharply in the case of the ECB's (135bp of 2024 reductions implied, vs 143bp Thursday).
- The German curve closed bear flatter, with the UK's relatively flat. Periphery EGB spreads widened as ECB cut pricing was pared back.
- On the week, spurred by dovish ECB commentary for the most part, 10Y Bund yields dropped 9bp, having dropped 19bp at one point. Gilt yields fell 10bp on the week, vs 20bp at the lows.
- Next week's schedule is extraordinarily busy: in addition to the ECB and BoE decisions, we also get the Fed and US CPI.
Closing Yields / 10-Yr Periphery EGB Spreads To Germany
- Germany: The 2-Yr yield is up 9.7bps at 2.693%, 5-Yr is up 9.7bps at 2.234%, 10-Yr is up 8.5bps at 2.276%, and 30-Yr is up 6.6bps at 2.468%.
- UK: The 2-Yr yield is up 7.3bps at 4.59%, 5-Yr is up 8.1bps at 4.11%, 10-Yr is up 7.3bps at 4.041%, and 30-Yr is up 6.6bps at 4.526%.
- Italian BTP spread up 5.1bps at 179.7bps / Spanish up 2.1bps at 102.4bps
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.