BRIEF: IMF Says New EU Fiscal Rules To Help Contain Volatility

BRIEF: Fiscal Commitments "Critical" - Eurogroup's Donohoe

MNI BRIEF: Fed's Kashkari: 1-2 Years Before Inflation Hits 2%

MNI China Daily Summary: Thursday, June 20

MNI: PBOC Net Injects CNY18 Bln Via OMO Thu; Rates Unchanged

CHINA PBOC CONDUCTS CNY20 BILLION VIA 7-DAY REVERSE REPOS THU

EZ/UK Bond Supply Calendar: EU Auction, BoE APF on Monday

US EIA: CRUDE OIL STOCKS EX SPR -2.55M TO 457.1M JUN 14 WK

Homebuilding Set To Keep Softening As Pullback In Permits Continues

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

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

EGBs-GILTS CASH CLOSE: Entering Easter Weekend On A High

BONDS

Bunds and Gilts went out on a high (with yields on lows) going into the 4-day weekend, with curves bull flattening despite strengthening equities. Periphery spreads ended mixed.

  • Fairly orderly price action throughout the session, with European fixed income markets closed Fri and Mon.
  • Potentially some position squaring / short cover ahead of Friday's US employment report. Indeed, US Tsys leading global yields lower.
  • Final Manuf PMI data this morning, but first/only readings came in at/above expectations for Spain and Italy.

Closing yields/10-Yr Spreads to Bunds:

  • Germany: The 2-Yr yield is down 1.7bps at -0.708%, 5-Yr is down 3.1bps at -0.659%, 10-Yr is down 3.6bps at -0.328%, and 30-Yr is down 3.2bps at 0.226%.
  • UK: The 2-Yr yield is down 2.8bps at 0.076%, 5-Yr is down 2.8bps at 0.366%, 10-Yr is down 5bps at 0.795%, and 30-Yr is down 5.4bps at 1.343%.
  • Italian BTP spread down 0.1bps at 95.9bps / Spanish up 0.7bps at 63.6bps
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.