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

BRIEF: EU-Mercosur Deal In Final Negotiations - EC

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

Gapped lower overnight

BUNDS
  • Bund has in turn seen a similar price action to the Euribor overnight, after the ECB said that they expect the EU inflation to remain elevated next year.
  • The contract gaped from 130.59 down to 130.35, and printed its lowest level since the 22nd August.
  • The contract is unaffected by the UK data miss, and next support will be seen at the 130.00 figure, and resistance will be at 131.00.
  • Given the likely divergence, it will be interesting to see the Gilt/Bund spread when the UK opens 30 minutes.
  • Main focus today is on US CPI/real Earnings.
  • SUPPLY; UK £3.75bn 10yr (Equates to 26k Gilt) could weigh, Italy 2026, 2030, 2040, 2053 (Equates combined to a large 74.5k BTP) will weigh. Germany 2052, 2053 (equates to 15.1k Buxl) should weigh into the bidding deadlines. US sells $20bn of 30yr re opening.
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.