MNI: China CFETS Yuan Index Up 0.01% In Week of Nov 29

MNI BRIEF: Japan Q3 Capex Up Q/Q; GDP Revised Lower

MNI: Canada Apr-Sept Budget Deficit Widens On Spending

MNI BRIEF: PBOC Added Outright Repo For Ample Lqdty In Nov

MNI China Daily Summary: Friday, November 29

MNI BRIEF: China Extends U.S. Import Tariff Exemption List

MNI: AUSTRALIA Q3 BIZ INDICATORS INVENTORIES -0.9%

MNI: AUSTRALIA OCT BUILDING APPROVALS +4.2% M/M, +6.1% Y/Y

MNI: AUSTRALIA NOV DWELLING APPROVALS +4.2% M/M

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

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

Ifo Helps Bid Develop Further, Vasle Comments Do Little

BUNDS

Softer-than-expected ifo data provides some background support for German paper, even with last week’s weaker-than-expected round of PMI readings conditioning the market for a disappointing release.

  • This means that comments from ECB Governing Council member Vasle, who pushed back on both the depth and start point of market pricing re: ’24 easing, owing to his expectations surrounding inflation, was generally ignored. Vasle also stressed that Q1 data is key for the ECB.
  • Bund futures are +10 or so, just shy of recent session highs, with the bounce from lows developing a little further.
  • Initial resistance in the contract (137.57) is still 10-15 ticks away form best levels of early trade.
  • German yields are little changed to 1bp lower across the curve.
  • 10-Year yields hover just above 2.00%.
  • EGB spreads vs. Bunds are generally within 1bp of Friday’s closing levels.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
BulletMarketsFixed Income BulletsHomepage
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
BulletMarketsFixed Income BulletsHomepage

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.