MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

EGBs-GILTS CASH CLOSE: Late Rally

BONDS

Bunds and Gilts enjoyed a late rally Wednesday, with yields dropping after an earlier rise. Equities weakened sharply in the afternoon which eventually staunched FI losses.

  • Curves closed mixed, though overall, UK and Germany steepened. ECB hike pricing again flirted with a 0.00% end-2022 rate, finishing just negative.
  • Periphery yields were wider on the session but well off highs, with BTP spreads narrowing late alongside oil (as EU couldn't agree on Russia sanctions).
  • Attention turns to Fed minutes after hours.

Closing Yields / 10-Yr Periphery EGB Spreads To Germany

  • Germany: The 2-Yr yield is down 1.7bps at -0.039%, 5-Yr is down 0.3bps at 0.44%, 10-Yr is up 3.3bps at 0.647%, and 30-Yr is up 6.2bps at 0.791%.
  • UK: The 2-Yr yield is up 0.4bps at 1.463%, 5-Yr is up 2.6bps at 1.505%, 10-Yr is up 5bps at 1.704%, and 30-Yr is up 5.4bps at 1.82%.
  • Italian BTP spread up 0.6bps at 165.4bps / Greek up 5.3bps at 210.6bps
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.