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

Grinding Out Modest Gains

GILT SUMMARY

Following an uneven start, gilts have traded firmer through the session while equities have gradually eked out gains through the day.

  • Gilts trade within 1bp below yesterday's close with the curve close to flat overall. Last yields: 2-year 0.0624%, 5-year 0.3182%, 10-year 0.7153%, 30-year 1.2338%.
  • The Jun-21 gilt future trades at 128.82, near the middle of the day's range (L: 128.60 / H: 128.95).
  • The DMO earlier sold GBP800mn of the 0.125% Aug-31 linker. A further GBP78.975mn was taken up through the PAOF.
  • The BoE purchased GBP1.48bn of medium-dated gilts with offer-to-cover of 3.57x.
  • Looking ahead, tomorrows sees the release of the RICS House Price Balance data for February. The main focus in Europe will be the ECB meeting, which could provide a potential trigger for price action in EGBs and possible spillovers to Gilts. Although the ECB is not expected to adjust its monetary policy, any commentary around the recent bond sell-off and how the central bank may respond, could be market moving.
Homepagemarkets-real-timeBulletMarketsFixed 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.