MNI BRIEF: Mandate No Cure For Discount Window Stigma-NY Fed

MNI BRIEF: US April Core PCE YoY Rate Lowest In 3 Years

CANADA Q1 GDP ANNUALIZED +1.7% VS EXPECTED +2.4%

MNI BRIEF: China Utility Prices Should Be Reasonable

MNI: PBOC Net Injects CNY98 Bln Via OMO Fri; Rate Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1088 Fri; -2.14% Y/Y

Consumption Contributes Positively To In Line Q/Q GDP Print

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

EZ/UK Bond Supply Calendar: BoE APF on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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Further Brexit Setbacks

GILT SUMMARY

Brexit negotiations have been temporarily suspended after one of the EU's negotiators tested positive for coronavirus.

  • Given the narrowing window of opportunity to secure a deal, the latest setback raises further concerns about the ability of both sides to avoid a cliff edge no-deal given that core issues around fishing rights and level playing field provisions remain to be resolved.
  • Gilts have lacked direction through the session and trade marginally firmer on the day with the curve a touch flatter.
  • Last yields: 2-year -0.0289%, 5-year 0.0103, 10-year 0.3262%, 30-year 0.9210%.
  • The Dec-20 gilt future trades at 134.89, near the middle of the day's range (L: 134.74 / H: 135.11).
  • Short sterling futures are flat/0.5 ticks lower in whites/reds/greens and 0.5 ticks higher in blues.
  • Looking ahead, tomorrow will see the release public finance and retail sales data for October.
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