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: Week-Long Yield Drop Comes To An End

BONDS

European yields reversed higher to end the week following a 4-day drop, with periphery EGB spreads consolidating their recent narrowing.

  • In a fairly quiet session in terms of flows and headlines (in contrast to the rest of the week), bond weakness mirrored a relief rally in equities that gained steam as Friday's session went on, with the Eurostoxx and FTSE erasing the week's losses.
  • Gilts underperformed German counterparts at the short end, though were roughly flat to Bunds further out the curve.
  • End-2022 rate hike pricing change this week: -13bp for BoE, -6bp for ECB.

Closing Yields / 10-Yr Periphery EGB Spreads To Germany:

  • Germany: The 2-Yr yield is up 1.6bps at 0.063%, 5-Yr is up 3.2bps at 0.546%, 10-Yr is up 4.9bps at 0.889%, and 30-Yr is up 5.5bps at 1.075%.
  • UK: The 2-Yr yield is up 5bps at 1.225%, 5-Yr is up 5.5bps at 1.355%, 10-Yr is up 5.4bps at 1.715%, and 30-Yr is up 5.6bps at 1.977%.
  • Italian BTP spread down 2.1bps at 185.1bps / Greek down 3.6bps at 248.4bps
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.