MNI China Daily Summary: Thursday, Dec 5

MNI: UK NOVEMBER CONSTRUCTION PMI 55.2 (FCST: 53.5); OCT 54.3

MNI: EUROZONE NOVEMBER CONSTRUCTION PMI 42.7 OCT 43.0

MNI BRIEF: China Construction Output Slows In November

MNI: PBOC Net Drains CNY153 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Lower At 7.1879 Thurs; -1.82% Y/Y

MNI: EUROZONE OCT RETAIL SALES -0.5% M/M, +1.9% Y/Y

MNI: FRANCE OCT INDUSTRIAL PRODUCTION -0.1% M/M, -0.6% Y/Y

MNI: GERMANY OCT FACTORY ORDERS -1.5% M/M

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

Germany will come to the.....>

GERMAN AUCTION PREVIEW
GERMAN AUCTION PREVIEW: Germany will come to the market again on Wednesday for
the second time this week. On offer is that 1.25% Aug-48 Bund.
- BACKGROUND: Germany issued a new 05 Mar-22 Schatz on Tuesday, allotting
E4.064bln with a Buba cover of 1.5x and bid-to-cover of 1.2x. The 1.25% Aug-48
Bund was last auctioned on October 16 at an average yield of 0.30%, buba cover
of 1.29x and a bid-to-cover of 1.02x. 
- RV/HISTORY: The 1.25% Aug-48 Bund trades at a yield of 0.064%, down from a YTD
peak of 0.333% on January 13 and 29bp inside the comparable EUR swap. Bunds have
been reasonably bid so far this week as fresh concerns about the coronavirus
have underpinned a modest risk-off tone. Tuesday's weak ZEW data did little to
move the meter, reflecting not only the limited market sensitivity to the ZEW
survey but also the predominance of coronavirus in steering sentiment. There are
no significant data points ahead of the Wednesday auction. 
- TIMING: Results are due out at 1030GMT.
MarketsFixed Income Bullets
MarketsFixed Income 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.