MNI INTERVIEW: Fed QT Likely To Linger After Rate Cuts Start

MNI BRIEF: BOE Markets Head Sees Wider Collateral, More Repos

MNI PBOC WATCH: PBOC Cuts 7-Day Rate As Reconfigures Framework

MNI China Daily Summary: Monday, July 22

MNI BRIEF: PBOC Lowers Ceiling of Its Interest Corridor

MNI: PBOC Sets Yuan Parity Higher At 7.1335 Mon; -1.18% Y/Y

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

CBRT Data Watch

NBH Data Watch

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: Choppy Start With Supply, Lagarde Awaited

BOND SUMMARY

A choppy start for core FI in early European trade following a fairly lacklustre Asia-Pac session, with Bunds and Gilts off slightly but rising from lows as equities dip. Periphery spreads a little tighter.

  • Aug German factory orders at 0700BST (a solid beat, plus revisions) was the only European data release of note today. ECB's Lagarde speaks at 0935BST, and again at 1400BST; we also get de Cos at 1000BST and Lane at 1630BST.
  • Decent supply this morning: UK sells GBP5.25B in Gilts, Austria E1.5B, Germany E0.75B (linkers). Also EFSF dual-tranche transaction of E3B in new Oct-27 bond and E1B in Jan-50 tap.

Latest levels:

  • Dec Bund futures (RX) down 10 ticks at 174.32 (L: 174.18 / H: 174.39)
  • Dec Gilt futures (G) down 4 ticks at 135.33 (L: 135.17 / H: 135.35)
  • Dec BTP futures (IK) down 4 ticks at 148.37 (L: 148.3 / H: 148.45)
  • Dec OAT futures (OA) down 10 ticks at 168.52 (L: 168.4 / H: 168.6)
  • Italy / German 10-Yr spread 0.3bps tighter at 131.5bps

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.