Free Trial

Little Net Movement On PMIs, Off Best Levels

EGBS

Negligible moves for Bunds around the mixed French (final), Spanish & Italian manufacturing PMIs with Bund futures a touch softer than levels seen ahead of the Spanish data and the broader German FI space off best levels of the day.

  • German yields are 0.5-1.5bp softer on the session, with light bull flattening on the curve.
  • Peripherals are little changed to a touch tighter on the day, with BTPs outperforming at the margin.
  • OATs are little changed vs. Bunds despite Friday’s negative French ratings action from S&P, while 10-Year IRISH spreads to Bunds are little changed despite Friday’s positive Irish ratings action from Fitch.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.