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

RPT-MNI INTERVIEW: Canada Budget Leans To Largesse-CFIB's Kelly

RPT-MNI INTERVIEW: Freeland Keeps Some Credit Shine: Desjardins

MNI: PBOC Conducts CNY2 Bln Via OMO Weds; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1025 Weds; -5.39% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

Contributions to the Y/Y change in CPI

Restaurants and hotels drive the upside surprise at first glance

MNI: UK MAR CPI +0.6% M/M, +3.2% Y/Y

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EGBs-GILTS CASH CLOSE: Peripheries Outperform

BONDS

European FI strengthened across the board Thursday, with periphery EGBs outperforming.

  • While Bund and Gilt yields ended mostly lower, the direction of travel varied throughout the day, with some early bond weakness giving way to strength in the afternoon, before settling closer to opening levels.
  • These moves generally tracked oil prices and equities more broadly.
  • Relatively more focus on futures, where we saw significant Dec -> Mar rolling activity.
  • Attention turns to Friday's US employment report.

Closing Yields / 10-Yr Periphery EGB Spreads To Germany

  • Germany: The 2-Yr yield is down 2.4bps at -0.736%, 5-Yr is down 3.3bps at -0.627%, 10-Yr is down 2.6bps at -0.369%, and 30-Yr is down 1.6bps at -0.065%.
  • UK: The 2-Yr yield is up 1.2bps at 0.542%, 5-Yr is unchanged at 0.655%, 10-Yr is down 0.9bps at 0.811%, and 30-Yr is up 1.2bps at 0.9%.
  • Italian BTP spread down 3bps at 132.3bps / Spanish down 2.1bps at 74.9bps
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.