MNI BRIEF: BOJ Tankan: Business Inflation Expectations Solid

MNI BRIEF: RBA Details Hypothetical Monetary Policy Paths

MNI: PBOC Net Injects CNY14.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1876 Fri; -1.22% Y/Y

MNI BOJ DEC TANKAN LARGE MFG INDEX +14; SEPT 13; MEDIAN +12

MNI INTERVIEW2: Poland To Push For EU Defence Fund

MNI: UK DEC GFK CONSUMER CONFIDENCE INDEX -17

EZ/UK Bond Supply Calendar: Belgium ORI Facility on Friday

US EIA:NAT GAS STORAGE -190 BCF TO 3,747 BCF DEC 06 WK

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

EU Credit Close

CREDIT MACRO


  • Bund yields closing 3bp higher. Rates had a volatile session post CPI, selling off on the data before recovering and then yields rose again with firm risk on in global markets.
  • Stocks traded up with SX5E +1.1% with SPX +0.8%. Tech, Consumer and Financials were the best performing sectors.
  • IG Cash closes ~1.6bp tighter with risk on post CPI; spreads were unchanged before the number. Main/XO close 1.0/3.2 tighter.
  • Primary was light again with the CPI release. We had AALLN (dual), BACRED and BNG.
  • ELOFR had a volatile session post downgrade to HY; initially 10-30 wider but rallied back to close mixed, +4 to -5bp. EZJLN widened +10bp on the 8Y mandate announcement. Swedish real estate closing up to 15bp tighter.
  • In Financials DB (8-14bp), PBBGR and AARB (both 10-20bp) continue to lead the tightening. Financials outperformed overall with but SNR and SUB cash indices 3+bp tighter.
  • Other tickers bulleted today: ACFP ASSGEN BACR BALDER BATSLN BKNG CPIGR DBHNGR EOANGR ETEGA HEIBOS IGIM LDOIM LHAGR NIDEC ORSTED NSANY PORSCH SFRFP SIEGR STANLN UBS VMUK VW
BulletCredit BulletsCreditHomepage
BulletCredit BulletsCreditHomepage

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.