TRUDEAU SAYS IT LOOKS LIKE BOC WILL BE LOWERING RATE AGAIN

MNI BRIEF: Canada Commits To Just One Of Three Fiscal Anchors

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.14B BSL

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

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

Falls over 100 ticks overnight ahead of the ECB

BUNDS
  • Bund fell some 100 ticks overnight after report that CS will borrow up to CHF50bn from the SNB, and will buy back certain senior debt securities up to CHF3bn.
  • The 138.00 psychological level held yesterday, and small resistance will move down to 137.24 ahead of the figure.
  • Small support is at 135.66.
  • ECB will be key today, and despite the clear message from most ECB members, including Lagarde that a 50bps hike at the March meeting was set in stone, they couldn't foresee the impact of fast hiking rates into financial markets. Some investors will now look for the ECB to put the foot off the pedal and go for a 25bps hike instead.
  • Bloomberg Economists estimates are still all going for a 50bps, even the one that have provided their calls post the 9th March (SVB day).
  • Besides the ECB, there are no real tier 1 data for the session, out of Europe, Italy final CPI, and in the US, the IJC.
  • UK OBR will brief on the budget.
  • SUPPLY: Spain 5s, 10s and 30s, France 4s, 5s, 7s plus Linkers.
HomepageBond Market NewsBulletMarketsFixed 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.