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

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

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

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

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: Villeroy Comments Help Underpin Afternoon Gains

BONDS

Bunds and Gilts bull flattened Tuesday with periphery spreads compressing sharply. Gains were posted mainly in the afternoon.

  • ECB's Villeroy said ECB can be patient as inflation is low; and that the idea of reducing the pace of PEPP buys in Q3 is "purely speculative" - helping boost the space, but particularly BTPs.
  • In supply, UK sold GBP4bln of Mar-39 Gilt linker via syndication - which saw record demand and the highest amount in cash terms for a linker syndication; EU tapped Apr-36 bond for E460mln; Dutch sold E1.7bln of Jan-47 DSL at auction.
  • German IFO slightly beat expectations; UK public sector borrowing lower than expected.
  • On Weds, Italy sells up to E4.75bln of short-term BTP and BTPei; Germany sells E2.5bln of Bund. We get French confidence data and another appearance by Villeroy.

Closing yields/10-Yr Spreads to Bunds:

  • Germany: The 2-Yr yield is down 0.7bps at -0.663%, 5-Yr is down 2.3bps at -0.553%, 10-Yr is down 2.7bps at -0.167%, and 30-Yr is down 2.3bps at 0.396%.
  • UK: The 2-Yr yield is down 1.6bps at 0.016%, 5-Yr is down 1.8bps at 0.321%, 10-Yr is down 2.5bps at 0.786%, and 30-Yr is down 3.9bps at 1.32%.
  • Italian BTP spread down 3.8bps at 112.6bps / Spanish spread down 2.3bps at 66bps
HomepageBond Market NewsBulletMarketsFixed Income Bullets
HomepageBond Market NewsBulletMarketsFixed 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.