MNI BRIEF: Inflation Risks Now Shifted To Downside-BOE Ramsden

MNI: Goolsbee Says Stalled Inflation Means Wait Before Moving

MNI China Daily Summary: Friday, April 19

MNI BRIEF: China Hog Market More Balanced In Q2 - Ministry

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: BAKER HUGHES US RIG COUNT 619; OIL RIGS 511; GAS RIGS 106

EZ/UK Bond Supply Calendar: EU, UK Synd W/C 22 Apr, BoE APF Mon

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EGBs-GILTS: Core Heads Lower

BOND SUMMARY

Bunds and Gilts are weaker in early Friday trade with BTP spreads tighter, despite equities and FX suggesting a risk-off tone. Not much on the calendar ahead.

  • BTPs remain in focus; PM Conte attempting to form a new coalition ahead of a crunch confidence vote in the Senate Tuesday.
  • Bunds reversed gains on the open, having earlier taken a cue from Tsys which had rebounded overnight, as well as late Thurs news of tighter lockdowns in Germany and France.
  • GIlts under pressure from the open; note UK GDP surprised to the upside.
  • Otherwise, 2nd Tier data today; no scheduled central bank speakers or bond supply for the rest of the day, not much new from Stournaras, Vasiliauskas or Makhlouf earlier (painting a cautious picture of the economic outlook).

Latest levels:

  • Mar Bund futures (RX) down 20 ticks at 177.64 (L: 177.59 / H: 177.94)
  • Mar Gilt futures (G) down 18 ticks at 134.26 (L: 134.17 / H: 134.48)
  • Mar BTP futures (IK) up 22 ticks at 151.13 (L: 151.01 / H: 151.39)
  • Italy / German 10-Yr spread 2.4bps tighter at 116.9bps
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.