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: Gilts Easily Outperform Pre-BoE/ECB

BONDS

Gilts outperformed in a bull flattening motion with the German curve bear flattening Wednesday, ahead of key central bank meetings.

  • Higher-than-expected Eurozone and Italian Jan inflation sent Bunds to session lows, and after a brief bounce, resumed heading lower until mid-afternoon.
  • German 5s30s closed at flattest since March 2020.
  • Bunds and Gilts rallied in the final few hours of cash trade on very weak US ADP private payrolls data and news that the US was deploying more troops in eastern Europe.
  • Gilts easily outperformed though. Some degree of position squaring ahead of highly-anticipated BoE and ECB decisions Thursday as well - see our website or contact us for our previews.

Closing Yields / 10-Yr Periphery EGB Spreads To Germany

  • Germany: The 2-Yr yield is up 1.2bps at -0.458%, 5-Yr is up 2.2bps at -0.18%, 10-Yr is up 0.3bps at 0.04%, and 30-Yr is down 2.6bps at 0.289%.
  • UK: The 2-Yr yield is down 3.2bps at 1.029%, 5-Yr is down 2.8bps at 1.108%, 10-Yr is down 4.3bps at 1.257%, and 30-Yr is down 6.6bps at 1.361%.
  • Italian BTP spread up 1.4bps at 139bps / Spanish up 0.4bps at 74.4bps
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.