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: Yield Rise Remains Relentless

BONDS

Gilt and Bund yields closed the week by continuing their almost uninterrupted rise since the end of August.

  • Friday saw some mid-session respite after US payrolls data missed expectations, but the move quickly reversed and 10Y UK yields ultimately posted fresh post-May 2019 highs, with German counterparts equaling the highest yield since May 2021.
  • The short end was not immune either, with Euribor and Short Sterling weakening sharply, pointing to greater scope for rate hikes by end-2022.
  • Peripheries weakened but saw spreads tightening, led by Greece.
  • No ratings decisions after hours Friday. Next week sees a slew of ECB and BoE speakers.

Closing Yields / 10-Yr Periphery EGB Spreads To Germany

  • Germany: The 2-Yr yield is up 1.4bps at -0.69%, 5-Yr is up 2.7bps at -0.532%, 10-Yr is up 3.6bps at -0.149%, and 30-Yr is up 3bps at 0.332%.
  • UK: The 2-Yr yield is up 7.3bps at 0.547%, 5-Yr is up 7.3bps at 0.771%, 10-Yr is up 8.5bps at 1.162%, and 30-Yr is up 7.4bps at 1.503%.
  • Italian BTP spread down 1.4bps at 102.7bps / Greek down 2.3bps at 105bps
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.