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: Taking Off Risk Ahead Of The Weekend

BONDS

Core European FI enjoyed a constructive session to end the week, with the short-end/belly of the German and UK curves outperforming in a flattening move. A few factors supported the risk-off core FI Friday, particularly in the afternoon.

  • These included: the spectre of Covid restrictions returning (Netherlands expected to announce a 3-week lockdown after the close), geopolitical tensions (Ukraine/Russia and Belarus/E.U.), and a very weak UMichigan consumer sentiment figure led US Tsys to day's highs, dragging Europe.
  • Meanwhile, periphery EGB spreads widened slightly, with Greece underperforming.
  • After the close we get ratings reviews including Fitch on Portugal and S&P on the Netherlands.

Closing Yields / 10-Yr Periphery EGB Spreads To Germany

  • Germany: The 2-Yr yield is down 4.9bps at -0.742%, 5-Yr is down 4.9bps at -0.565%, 10-Yr is down 2.6bps at -0.257%, and 30-Yr is down 1.2bps at 0.061%.
  • UK: The 2-Yr yield is down 3.9bps at 0.526%, 5-Yr is down 3.2bps at 0.673%, 10-Yr is down 0.7bps at 0.913%, and 30-Yr is up 1.1bps at 1.071%.
  • Italian BTP spread up 1.8bps at 121.1bps / Greek up 3.9bps at 147.7bps
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.