MNI China Daily Summary: Monday, June 17

MNI BRIEF: China To Retaliate Against EU Pork Products

MNI BRIEF: China Consumption Can Continue Acceleration - NBS

MNI: PBOC Conducts CNY182 Bln Via 1Y MLF Mon; Rates Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1149 Mon; -1.41% Y/Y

CHINA PBOC CONDUCTS CNY4 BILLION VIA 7-DAY REVERSE REPOS MON

MNI: FOREIGN HOLDINGS OF CANADA SECURITIES +41.2B CAD IN APR

MNI: US NY FED EMPIRE STATE MFG INDEX -6.0 JUN

Labor Cost Index Revised Even Higher

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

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

Gilts lead core FI higher while BTPs look to confidence vote

BONDS
  • Core fixed income has been grinding higher this morning, led by a repricing of rate hike expectations and partially reversing some of the moves seen yesterday.
  • Gilts are leading the way higher in core FI following inflation data that only marginally beat economists' consensus expectations - the market had likely been looking for more.
  • BTPs are the other notable movers this morning as Draghi addresses the Senate. 10-year spreads to Bunds are 5.8bp tighter on the day at the time of writing. The confidence vote is due to be held later today, with out policy team expecting around 17:45BST / 12:45ET.
  • Today will also see the final MP votes in the Conservative party leadership race with Sunak expected to get through but it remains uncertain whether he will be joined on the members' ballotpaper by Penny Mordaunt or Liz Truss - with only 6 votes between the latter two in the last round of voting.
  • We will also see US existing home sales data released today.
  • TY1 futures are up 0-8+ today at 118-07+ with 10y UST yields down -3.5bp at 2.988% and 2y yields down -5.4bp at 3.188%.
  • Bund futures are up 0.61 today at 151.71 with 10y Bund yields down -4.7bp at 1.226% and Schatz yields down -3.3bp at 0.587%.
  • Gilt futures are up 0.84 today at 115.34 with 10y yields down -6.5bp at 2.112% and 2y yields down -4.8bp at 1.973%.
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.