MNI BRIEF: China Limits, Tightens IPO To Boost Listing Quality

MNI BRIEF: China February New Loans, TSF Pull Back Sharply

MNI BRIEF: China To Strengthen Shareholding Reduction Rules

MNI BRIEF: Net MLF Drain Not Sign Of Tight Liquidity - Paper

MNI: PBOC Conducts CNY387 Bln MLF Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.0975 Fri; -4.06% Y/Y

MNI: BAKER HUGHES US RIG COUNT 629; OIL RIGS 510; GAS RIGS 116

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

Bond Supply Calendar: EU Synd W/C 18-Mar; SK, BE, BoE APF Ops Mon

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

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

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

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

EGBs-GILTS: Weighed Down By Equity Recovery

BOND SUMMARY

Bunds and Gilts are trading fairly flat early Wednesday, with little decisive direction so far and well within Tuesday's ranges.

  • We're now well off Tuesday's intraday highs (which represent multimonth highs too) as equities and US Tsy yields bounce back. Periphery spreads fairly steady.
  • The last bond auction of the week sees Germany sell E1.5bln of Aug-48 Bund.
  • Pretty light data schedule once again, with just UK public sector finances out earlier (Jun net borrowing bigger than analyst consensus, but large downward revisions and the deficit in the 1st three months of the fiscal year was less than officials forecast).
  • No planned central bank speakers for the rest of the session.
Latest levels:
  • Sep Bund futures (RX) down 3 ticks at 175.82 (L: 175.76 / H: 176.11)
  • Sep Gilt futures (G) down 16 ticks at 129.74 (L: 129.74 / H: 130.01)
  • Sep BTP futures (IK) down 3 ticks at 153.3 (L: 153.29 / H: 153.47)
  • Italy / German 10-Yr spread 0.3bps wider at 109.9bps
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.