MNI: PBOC Net Drains CNY4.3 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1738 Fri; -0.60% Y/Y

MNI China Press Digest March 14: PBOC, SSE, USD Products

MNI INTERVIEW2: Policy Lag Justifies Faster CNB Easing - Holub

MNI China Daily Summary: Thursday, March 13

MNI BRIEF: China Has Been In Communication With U.S. On Trade

EZ/UK Bond Supply Calendar: SlovGB Auction Monday

US EIA:NAT GAS STORAGE -62 BCF TO 1,698 BCF MAR 07 WK

MNI: US FEB FINAL DEMAND PPI +0.0%, EX FOOD, ENERGY -0.1%

GERMANY: Union/SPD Migration Alignment After Turmoil Threatened Debt Deal (BILD)

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

CREDIT PRE-MARKET: EUR Market Wrap

CREDIT PRE-MARKET
BulletCredit Bullets
  • 2y/10y bunds closed +5bp at 2.13%/2.48% after rates reversed some, but not all, of the initial hawkish reaction seen in the wake of the firmer-than-expected US CPI report..USTs closed +7bp/+9bp at 4.36%/4.63%.
  • Main/XO ended -0.5bp/-3bp at 52.6bp/285bp while €IG was -0.9bp at 0.91% (Corps -0.9bp at 0.87%, Fins -0.9bp at 0.96%, €HY -2bp at 2.9%). $IG was -2.1bp at 0.79% (Corps -2.2bp at 0.78%, Fins -1.9bp at 0.79%, $HY -0.9bp at 2.62%).
  • SX5E/SPX futures closed +0.3%/-0.3% at 5417pts/6073pts. €IG movers included Computershare (+15%), Heineken Holding (+14%), Kering (+7%), Siemens Energy (+5%), Storebrand (-9%), Westinghouse Air Brake (-9%), Randstad (-7%), Nissan Motor (-6%).
  • SX5E/SPX futures are +1.1%/+0.2% this morning. Overnight team flagged that EU related assets have rallied on Ukraine peace hopes as the positive tone of the Trump/Putin discussions fuels optimism for what Trump describes as a ‘successful conclusion’ to the Russia/Ukraine conflict. UST yields are trading 1-2bps richer today, the curve has steepened slightly.
  • Later the Fed’s Goolsbee appears, and US January PPI and jobless claims print as well as UK December IP, trade, construction and preliminary Q4 GDP, and euro area December IP and EC forecasts. The ECB’s Cipollone also speaks.

 

image
190 words

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.
  • 2y/10y bunds closed +5bp at 2.13%/2.48% after rates reversed some, but not all, of the initial hawkish reaction seen in the wake of the firmer-than-expected US CPI report..USTs closed +7bp/+9bp at 4.36%/4.63%.
  • Main/XO ended -0.5bp/-3bp at 52.6bp/285bp while €IG was -0.9bp at 0.91% (Corps -0.9bp at 0.87%, Fins -0.9bp at 0.96%, €HY -2bp at 2.9%). $IG was -2.1bp at 0.79% (Corps -2.2bp at 0.78%, Fins -1.9bp at 0.79%, $HY -0.9bp at 2.62%).
  • SX5E/SPX futures closed +0.3%/-0.3% at 5417pts/6073pts. €IG movers included Computershare (+15%), Heineken Holding (+14%), Kering (+7%), Siemens Energy (+5%), Storebrand (-9%), Westinghouse Air Brake (-9%), Randstad (-7%), Nissan Motor (-6%).
  • SX5E/SPX futures are +1.1%/+0.2% this morning. Overnight team flagged that EU related assets have rallied on Ukraine peace hopes as the positive tone of the Trump/Putin discussions fuels optimism for what Trump describes as a ‘successful conclusion’ to the Russia/Ukraine conflict. UST yields are trading 1-2bps richer today, the curve has steepened slightly.
  • Later the Fed’s Goolsbee appears, and US January PPI and jobless claims print as well as UK December IP, trade, construction and preliminary Q4 GDP, and euro area December IP and EC forecasts. The ECB’s Cipollone also speaks.

 

image