Free Trial

Global bonds are down to begin US......>

BOND SUMMARY: Global bonds are down to begin US nonfarm payrolls Friday.
- Active bond futures are weaker across the board: US T-Note Dec18 future is
down 1.5/32 at 117-260, Gilt future is down 33 ticks at 119.85 (10-Yr yield
touched highest levels since Jan 2016), Bund future is down 28 ticks at 157.76.
- However, all are off day`s lows.
- JGB futures off 3 ticks at 150.06. BOJ still stands ready to curb higher
yields through bond buying ops if the rise is deemed too rapid, MNI understands.
- Global rate futures are under pressure, with Short Sterling down most, as
optimism over a Brexit deal being reached in the near-term is seen rising:
Dec20-Sep21 Green contracts are particularly weak, off 6 ticks.
- Strong August factory orders for Germany this morning, but main event is at
1230GMT, which sees nonfarm payrolls and international trade data, followed by
U.S. consumer credit at 1400GMT.
- Nonfarm payrolls are forecast to rise by 182,000 in September after a
stronger-than-expected 201,000 rise in August.

To read the full story



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.