- PolicyPolicy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: - G10 MarketsG10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts - Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- CommoditiesCommodities
Real-time insight of oil & gas markets
- Data
- MNI 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
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessEGBs-GILTS CASH CLOSE: Rally Fades With Supply Eyed
The Bund and Gilt curves bull flattened Monday, but yields ended well above the session's lowest levels as equities rebounded. Large supply and US CPI Tuesday also presenting some near-term risk.
- Tuesday will see big issuance: E30bln in euro-denominated supply (including EU syndication), and GBP6bln in 2039 Gilt syndication. Not to mention large US supply today/Tuesday.
- Periphery spreads tightened; Italy 10-Yr spreads have retraced most of last week's widening.
- As expected, the UK authorities announced they were going ahead with plans to end COVID-19 restrictions in England on 19 July.
- Otherwise, no bond supply today and nothing new from ECB speakers.
Closing Yields / 10-Yr Periphery EGB Spreads To Germany
- Germany: The 2-Yr yield is up 0.4bps at -0.672%, 5-Yr is down 0.2bps at -0.598%, 10-Yr is down 0.2bps at -0.295%, and 30-Yr is down 0.1bps at 0.205%.
- UK: The 2-Yr yield is up 0.7bps at 0.094%, 5-Yr is up 0.1bps at 0.296%, 10-Yr is down 0.4bps at 0.651%, and 30-Yr is down 1.5bps at 1.158%.
- Italian BTP spread down 2.3bps at 103.3bps / Spanish down 1.1bps at 63.6bps
To read the full story
Sign up now for free access to this content.
Please enter your details below and select your areas of interest.
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.