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

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

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

EUR Market Wrap

CREDIT UPDATE


  • 2y/10y bunds are -2bp/+2bp as OATs lead the sell-off in EGBs this morning at +2bp/+8bp, following Macron’s decision to dissolve the National Assembly and call snap legislative elections following poor domestic results in the EU parliamentary elections.
  • Main/XO are +2bp/+8bp while the €IG/€HY indices look around +1bp/+4bp vs. govies with Fins the notable underperformer, driven by French banks; SocGen, CredAg, BPCE up to ~10bp wider. Not seeing much underperformance from French corps at the aggregate level though Teleperformance’s curve is up to 8bp wider.
  • Primary quieter, with the political developments likely prompting some no-go calls in the market. Motability in €IG/£IG and Assemblin and Infopro in €HY.
  • SXXP is -0.9% with all sub-indices in the red and with the CAC 40 -2.2%. SPX futures are -0.2%. Notable €IG movers include SocGen -7%, Effiage -7%, Vinci -6%, BNP -5%, Engie -5%, Nissan +3%, Honda +2%.
Credit BulletsBulletHomepagemarkets-real-timeCredit
Credit BulletsBulletHomepagemarkets-real-timeCredit

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.