FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

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: Front-End UK Rates Continue To Fall Post-BoE

BONDS

The standout move to end a volatile week was a rally in the UK short-end, as BoE rate hikes continued to be priced out following a more dovish-than-expected meeting Thursday.

  • Amid a bull flattening move on the Gilt curve, 2Y UK yields fell sharply, and are now off around 25bp vs pre-BoE. MNI's BoE Review explains some of the reasons why the BoE may hike less than markets are pricing.
  • Equities were fairly flat on the day, and periphery spreads likewise.
  • The German curve was fairly flat, Bobl modestly outperformed - fairly light volumes overall, especially by comparison to recent sessions.

Closing Yields / 10-Yr Periphery EGB Spreads To Germany

  • Germany: The 2-Yr yield is unchanged at -0.338%, 5-Yr is down 1.3bps at 0.09%, 10-Yr is down 1.2bps at 0.373%, and 30-Yr is unchanged at 0.561%.
  • UK: The 2-Yr yield is down 8.9bps at 1.209%, 5-Yr is down 7.9bps at 1.244%, 10-Yr is down 6.8bps at 1.497%, and 30-Yr is down 4.3bps at 1.743%.
  • Italian BTP spread up 0.1bps at 151.9bps / Spanish up 0.1bps at 94.4bps
BulletMarketsFixed Income BulletsHomepage
BulletMarketsFixed Income BulletsHomepage

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.