MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI: PBOC Sets Yuan Parity Higher At 7.1870 Mon; -1.39% Y/Y

MNI: China CFETS Yuan Index Down 0.36% In Week of Dec 6

MNI: PBOC Net Injects CNY13.8 Bln via OMO Monday

MNI BRIEF: PBOC Increases Gold Reserves

CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

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 UPDATE
  • Bund yields close ~5bp higher, driven by hawkish comments from the Fed’s Jefferson, Chairman Powell to speak later.
  • Stocks were on the back foot with the SPX move lower after the European close yesterday. SX5E / SPX -0.2%/-1.4%. All sectors were down in Europe with Financials and Consumer Discretionary worst in Europe around 2% lower. Healthcare, IT and Staples are managing marginal gains in the US so far.
  • Cash had a heavy session with cash 3-4 wider overall, with many high beta names in double digits. Airlines were heavy with LHAGR 12-17 wider, AFFP -1pt. Weak results from LHAGR are still weighing with the others yet to report.
  • CDS indices moved sharply wider on the risk off move with Main / XO +2.6/+12.
  • High Yield was naturally under pressure, ETF closing down 36c. ATOFP was 2-4pts lower on the latest restructuring proposals and topical names ARGID and ALTICE were also 1-3pts lower.
  • Primary saw just €500mn from high rated DBHNGR, but HY mandates continue to roll out with Flutter, Carnival, Drax, Fives and Boels announced.
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.