MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

Italian supplies and US PPI in focus

BUNDS
  • Another tight overnight session for Bund, after the contract rallied circa 50 ticks post the underwhelming US CPI.
  • The inline inflation release cleared out the shorts, but selling interest into the strength was visible as the contract edged towards the 170.50 area.
  • Nonetheless, early focus is on the opening gap, now from 170.06 up to 170.21.
  • There are no tier 1 data out of Europe, and in terms of data only US PPI stands out. IJC is no longer a market mover.
  • Also out of the US, sees Fed Brainard nomination hearing, with prepared remark
  • "Federal Reserve Governor Lael Brainard said tackling inflation and getting it back down to 2% while sustaining an inclusive recovery is the U.S. central bank’s most pressing task."
  • Focus will be on the Q&A section.
  • BUT, it has been made very clear by Mr Powell that the Fed is on a Data dependent mode.
  • SUPPLIES: Italy EU3.5bn 2024 (Equates to ~40k BTPS), should keep the lid on the contract into the bidding deadline, and EU3.5bn 2029 (Equates to 19.5k BTP), which show also weigh. US sells $22bn of 30yr.
  • SYNDICATION: Ireland 10yr EUR Benchmark.
  • SPEAKERS: ECB de Guindos, Elderson, BoE Mann, US Fed Barkin, Evans
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.