US NOV FLASH MANUF PMI 48.8 (FCST: 48.9); OCT 48.5

MNI:Largest Canada New Home Price Dip Since `09 Led By Toronto

CANADIAN OCT FLASH RETAIL SALES +0.7%, 4TH STRAIGHT INCREASE

MNI China Daily Summary: Friday, November 22

MNI: PBOC Net Drains CNY345.9 Bln via OMO Friday

MNI BRIEF: Fed Should Explore Central Clearing At SRF-Hammack

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

EZ/UK Bond Supply Calendar: Gilt Syndi; IT, EU Due Monday

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL NOV INDEX 71.8

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Extending lower with Treasuries on the cash open.

BUNDS
  • Bund sees a contained reaction from the UK data miss, Payrolled Employees Monthly change was lower than expected and also revised lower.Average Weekly Earnings 3M/YoY also fell.
  • Bund initially gained just 11 ticks on the release, but is back to extending lower post Cash open..
  • Investors will now await the UK CPI tomorrow, with this part of the data brushed aside this morning, although the the Pound is offered and the Sonia strip is bid, will make for an interesting Gilt open.
  • Bund and Treasuries have continued to consolidate the FTQ flow seen on Friday, Yesterday and overnight, with Bund clearing the gap support noted Yesterday at 128.82.
  • Some might now look at 128.61 for support, but better is seen at 128.41.
  • Main gap target for TYZ3 is at 106.24.
  • We have heavy supply in Europe today, which will help keep the lid in early trade.
  • Today sees, German ZEW, US Retail Sales/IP, Canada CPI.
  • SUPPLY: HEAVY SUPPLY: Netherlands EU5bn 2044 (would equate to 29k Buxl), UK £2.75bn 2053 (equates to 36.2k Gilt) should weigh. German 2yr Schatz (equates to 43.3k Schatz) will weigh. Finland 2028, 2033 should have no impact.
  • SPEAKERS: ECB Knot, Centeno, Guindos, Holzmann, Nagel, BoE Dhingra, Fed Barkin, Kashkari.
HomepageBulletMarketsFixed Income BulletsForeign Exchange Bullets

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.