Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
Reporting on key macro data at the time of release.
Real-time insight on key fixed income and fx markets.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- MNI ResearchMNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
Sign up now for free access to this content.
Please enter your details below and select your areas of interest.
Periphery EGBs outperformed Thursday as the ECB maintained steady policy. Bunds and Gilts were hit in sympathy with US Tsys after a stronger-than-expected US inflation print, but yields ended well off session highs (Gilts underperformed).
- Italian and Greek spreads tightened sharply as the ECB meeting did not offer many significant surprises; staff macro projections were revised higher.
- Supply came from Italy (BTPs, EUR7.75bn) and Ireland (IGBs,EUR1.25bn).
- UK GDP highlights Friday's docket; several speakers including ECB's Holzman and Knot, BOE's Bailey/Ramsden/Cunliffe as well as Chancellor Sunak.
Closing German/UK Yields And 10-Yr Spreads To Germany
- Germany: The 2-Yr yield is down 0.9bps at -0.685%, 5-Yr is down 1.3bps at -0.628%, 10-Yr is down 1.2bps at -0.256%, and 30-Yr is unchanged at 0.312%.
- UK: The 2-Yr yield is up 0.9bps at 0.067%, 5-Yr is up 1.2bps at 0.321%, 10-Yr is up 1.7bps at 0.747%, and 30-Yr is up 1.3bps at 1.279%.
- Italian BTP spread down 2.2bps at 105.1bps/ Greek spread down 1.7bps at 106.1bps