MNI: PBOC Net Drains CNY216 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Lower At 7.1865 Mon; -1.50% Y/Y

MNI: China CFETS Yuan Index Up 0.01% In Week of Nov 29

MNI BRIEF: PBOC Added Outright Repo For Ample Lqdty In Nov

MNI China Daily Summary: Friday, November 29

MNI BRIEF: China Extends U.S. Import Tariff Exemption List

MNI: AUSTRALIA Q3 BIZ INDICATORS INVENTORIES -0.9%

MNI: AUSTRALIA OCT BUILDING APPROVALS +4.2% M/M, +6.1% Y/Y

MNI: AUSTRALIA NOV DWELLING APPROVALS +4.2% M/M

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

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

EGBs-GILTS: Sharp Weakness Early

BOND SUMMARY

The space is under pressure early Wednesday, with Bunds and Gilts sharply weaker and periphery spreads widening as equities head lower.

  • Futures across the board (BTP/Bund/Gilt) notably testing / pushing through the bottom of recent ranges, After spreads tightened Tuesday afternoon, we've seen a reversal higher in Wednesday's trade.
  • UK CPI largely in line; RPI and PPI on the high side of expectations. Eye-popping Y/Y EU car registrations figure may be flattered by weak base (+218% Y/Y) but caught some attention.
  • In supply, UK sells GBP2.5bln of Gilt, Germany E4bln of Bund, and EFSF E1bln. Finland syndication of E3bln 10-Yr (no-grow). Speakers include ECB's Panetta, Rehn, de Cos, and Lane.

Latest levels:

  • Jun Bund futures (RX) down 49 ticks at 168.33 (L: 168.29 / H: 168.81)
  • Jun Gilt futures (G) down 31 ticks at 127.18 (L: 127.12 / H: 127.4)
  • Jun BTP futures (IK) down 72 ticks at 144.51 (L: 144.48 / H: 145.11)
  • Italy / German 10-Yr spread 2.3bps wider at 123.4bps
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.