CANADA TO PUBLISH FISCAL UPDATE ON DEC. 16

MNI BRIEF: Inflation Expectations Tick Higher - NY Fed

MNI BRIEF: China Passenger Car Sales Up In November Y/Y

MNI BRIEF: Mexico Inflation Down To 4.55% In November

MNI China Daily Summary: Monday, December 9

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

EZ/UK T-Bill Calendar: Spain, Belgium Auction on Tuesday

MNI:US OCT WHOLESALE INV 0.2%; SALES -0.1%

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: UK Short End Gains With Central Bank Moves Eyed

BONDS

German and UK yields were mostly lower Wednesday, though there was some weakness evident further down curves and in periphery EGBs ahead of multiple major central bank decisions.

  • The UK short-end outperformed following weaker-than-expected CPI data this morning pull down terminal BoE rate hike pricing (4.56%, back to last Friday's levels pre-wage data).
  • Periphery EGB spreads continue to widen from their knee-jerk post US-CPI narrowing, with one eye on Thursday's ECB decision that could include details on balance sheet runoff plans.
  • Immediate post-cash close attention is on the US Fed decision; market pricing for the BoE and ECB rate hikes Thursday is firmly on 50bp increases.

Closing Yields / 10-Yr Periphery EGB Spreads To Germany

  • Germany: The 2-Yr yield is down 1.3bps at 2.133%, 5-Yr is down 1.1bps at 1.933%, 10-Yr is up 1.5bps at 1.94%, and 30-Yr is up 9.2bps at 1.844%.
  • UK: The 2-Yr yield is down 6.8bps at 3.451%, 5-Yr is down 4.7bps at 3.297%, 10-Yr is up 1.4bps at 3.315%, and 30-Yr is down 2bps at 3.696%.
  • Italian BTP spread up 5bps at 192.6bps / Spanish up 2.2bps at 103.2bps
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.