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: Prepping For Big Issuance Tuesday

BONDS

A fairly quiet session to start the week, with early yield dips (on overnight weakness in equities) reversing over the course of the session.

  • More than anything, supply eyed later in the week, with large syndication announcements pushing EGB yields higher. Data showed ECB net asset purchases rebounded sharply last week; in Germany, there was some attention on interrnal party wrangling over who will be the Union parties' candidate for Chancellor in the September elections.
  • While today saw "just" E4bn of EFSF syndication, tomorrow sees: syndications from Austria (dual-tranche) and Spain which were announced today, and auctions from the Netherlands, Italy, Germany, and the UK.
  • Apart from that, UK Feb GDP and German ZEW figures highlight Tuesday's docket.

Closing yields/10-Yr Spreads to Bunds:

  • Germany: The 2-Yr yield is up 0.1bps at -0.701%, 5-Yr is up 0.2bps at -0.631%, 10-Yr is up 1bps at -0.293%, and 30-Yr is up 2bps at 0.262%.
  • UK: The 2-Yr yield is up 0.8bps at 0.054%, 5-Yr is up 0.8bps at 0.361%, 10-Yr is up 1.5bps at 0.789%, and 30-Yr is up 0.5bps at 1.31%.
  • Italian BTP spread down 0.2bps at 102.8bps / Spanish up 0.2bps at 68.2bps
BulletMarketsFixed Income Bullets
BulletMarketsFixed Income Bullets

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.