TEST FROM BANK OF CANADA, PLEASE IGNORE

MNI BRIEF: US Existing Home Sales Fall 5.4% To 3.89M In June

MNI BRIEF: China Wants U.S. Firms To Deepen Investment

MNI China Daily Summary: Tuesday, July 23

MNI: PBOC Net Drains CNY408.7 Bln Via OMO Tues

MNI: PBOC Sets Yuan Parity Lower At 7.1334 Tues; -1.30% Y/Y

US Treasury Auction Calendar

BoC Data Watch

EZ/UK T-Bill Calendar: 26-Week GTB Auction on Wednesday

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

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

JGBs keep the lid on Govies

BONDS
  • A mixed start for Bund, with the contract trading in a tight range pre cash open.
  • EGBs are nonetheless all in the red, after Nikkei reported that Amamiya refused the post of Governor and that Japan will nominate Kazuo Ueda as the next Governor at the BoJ.
  • This put some pressure into JGBs, and in turn kept the lid on EGBs and Treasuries.
  • Peripheral spread are all wider, Italy leads by 2.5bps, although is closer to flat against the German 10yr.
  • Gilt future underperforms Bund, and the Gilt/Bund spread stands 2.8bps wider at the time of typing.
  • UK GDP surprised to the downside for December but still came in line for the Q/Q print at flat (recall the BOE projected +0.1%Q/Q).
  • US Treasuries are closer to flat, albeit a few ticks in the red at the time of typing, with investors waiting on the US prelim Michigan release.
  • Looking ahead, US prelim Michigan is the only notable data for the day.
  • Speakers, include BoE Pill, ECB Schnabel, de Cos, while Fed Waller and Harker are at a Crypto conference.
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.