MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EGBs-GILTS CASH CLOSE: Weakness Exacerbated On ECB Language

BONDS

Weakness across the space accelerated in the afternoon after the ECB policy press release included a paragraph stating that the PEPP envelope may not be used in full if conditions warranted.

  • Bund/Gilt curves bear steepened and periphery spreads widened.
  • Earlier, heavy supply in the morning (France, Spain, UK) seen weighing on bonds, along with higher equities (which have since reversed lower).
  • A heavy data slate awaits Friday, with UK retail sales and European flash Jan PMIs.

Closing Levels / 10-Yr Periphery Spreads to Bunds:

  • Germany: The 2-Yr yield is up 1bps at -0.7%, 5-Yr is up 2.3bps at -0.699%, 10-Yr is up 3.3bps at -0.496%, and 30-Yr is up 4bps at -0.078%.
  • UK: The 2-Yr yield is up 1bps at -0.107%, 5-Yr is up 1.6bps at -0.017%, 10-Yr is up 2.9bps at 0.33%, and 30-Yr is up 3.1bps at 0.912%.
  • Italian BTP spread up 3.4bps at 118.2bps / Spanish up 1.7bps at 62.1bps
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.