MNI: FED'S BARKIN STILL CONFIDENT UNDERLYING INFLATION FALLING

MNI China Daily Summary: Friday, January 3

MNI China Press Digest Jan 3:RRR Cut Mooted, Yuan, Consumption

MNI BRIEF: Beijing Boosts Consumer Trade-ins To Cellphones

MNI: PBOC Net Drains CNY88.5 Bln via OMO Fri

MNI: PBOC Sets Yuan Parity Lower At 7.1878 Fri; -2.29% Y/Y

US EIA:NAT GAS STORAGE -116 BCF TO 3,413 BCF JAN 03 WK

MNI: US ISM DEC MANUF PURCHASING MANAGERS INDEX 49.3

MNI: UK NOV M4 MONEY SUPPLY +0% M/M, +2.9% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EGBs-GILTS CASH CLOSE: Strength In Gilt Short End And BTPs

BONDS

Wednesday saw Bund and Gilt curves steepening and in BTPs which reversed most of Tuesday's yield rise.

  • Gilt yields climbed this afternoon despite this morning's news that a Brexit deal didn't seem to be as close as Tuesday's "tunnel negotiations" headlines implied. Fishing still a key difference w Brussels. Optimism this morning over the UK beginning COVID vaccinations in coming days largely looked priced in.
  • EU looking to press ahead on a short-term solution on the COVID recovery fund w/o Hungary and Poland.
  • Light schedule Thurs: France L-T OAT supply and Spain/Italy services PMI (finals elsewhere in Europe).

Closing Levels / 10-Yr Periphery EGB Spreads:

  • Germany: The 2-Yr yield is up 0.2bps at -0.716%, 5-Yr is up 0.3bps at -0.715%, 10-Yr is up 0.9bps at -0.519%, and 30-Yr is up 1.2bps at -0.105%.
  • UK: The 2-Yr yield is down 1.4bps at -0.026%, 5-Yr is down 1bps at 0.025%, 10-Yr is up 0.7bps at 0.354%, and 30-Yr is up 1.2bps at 0.919%.
  • Italian BTP spread down 5.1bps at 115.1bps
  • Spanish bond spread down 2.5bps at 62.2bps
  • Portuguese PGB spread down 1.9bps at 58.5bps
  • Greek bond spread up 2.9bps at 121.4bps
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.