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
Credit BulletsBulletHomepagemarkets-real-timeCredit


  • 2y/10y bunds are +4bp/+6bp – DM team flagged the recovery of major equity benchmarks leaving bunds softer and the September Sentix survey, while not market moving, signalling a soft start to the September sentiment round, at -15.4 (vs -12.2 cons, -13.9 prior).
  • Main/XO are -0.4bp/-3bp at 55.9bp/302bp while €IG/€HY looks -1bp/-3bp. €IG primary is open but quiet with a Unicredit AT1, EDP SA (30NC6.5 Green Hybrid), Digital Dutch Finco (9yr), Compass Group (9yr), BP (7yr along with a GBP 12yr). Curve movers include MCGLN 31s +7bp, ENAPHO (+8-10bps), PEOPW 27s (+11bp), PBBGR 27s (-10bp), AKFAST (-6-10bp).
  • SXXP is +0.7% while SPX futures are +0.7%. €IG movers include Adidas -4%, Deutsche Pfandbriefbank -4%.
112 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 are +4bp/+6bp – DM team flagged the recovery of major equity benchmarks leaving bunds softer and the September Sentix survey, while not market moving, signalling a soft start to the September sentiment round, at -15.4 (vs -12.2 cons, -13.9 prior).
  • Main/XO are -0.4bp/-3bp at 55.9bp/302bp while €IG/€HY looks -1bp/-3bp. €IG primary is open but quiet with a Unicredit AT1, EDP SA (30NC6.5 Green Hybrid), Digital Dutch Finco (9yr), Compass Group (9yr), BP (7yr along with a GBP 12yr). Curve movers include MCGLN 31s +7bp, ENAPHO (+8-10bps), PEOPW 27s (+11bp), PBBGR 27s (-10bp), AKFAST (-6-10bp).
  • SXXP is +0.7% while SPX futures are +0.7%. €IG movers include Adidas -4%, Deutsche Pfandbriefbank -4%.