MNI BRIEF: PBOC To Curb Any Yuan Overshot : PBOC Zou

MNI: GERMANY OCT EXPORTS -2.8% M/M (VS FCST -2.6%)

MNI BRIEF: BOJ Tankan: Business Inflation Expectations Solid

MNI: PBOC Net Injects CNY14.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1876 Fri; -1.22% Y/Y

MNI BOJ DEC TANKAN LARGE MFG INDEX +14; SEPT 13; MEDIAN +12

MNI: EUROZONE OCT IP +0% M/M, -1.2% Y/Y

MNI: SPAIN NOV HICP +0% M/M, +2.4% Y/Y

MNI: FRANCE NOV HICP -0.1% M/M, +1.7% Y/Y

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

Lower Alongside Peers

GILTS

Weakness in Tsys weighs on gilts, with local headline flow limited.

  • Bulls were once again unable to sustain a move above 100.00 in futures, with initial resistance at Friday’s high (100.05) intact.
  • Contract last -16 at 99.66 (early range 99.64-100.02).
  • Cash gilt yields are 1.5-2.0bp higher across the curve, with the early bull steepening unwound.
  • SONIA futures give up early gains alongside gilts, last 0.5-2.5 lower.
  • BoE-dated OIS shows ~78bp of ’24 cuts vs. ~82bp early today.
  • A reminder that J.P.Morgan recommended entering a paid position in BoE May ’24 OIS at 5.12% late on Friday (~5.13% last).
  • Domestic focus is centred on this afternoon’s comments from former BoE hawkish dissenter Mann. We will give a deeper preview of those comments in our upcoming Gilt Week Ahead publication.
BoE MeetingSONIA BoE-Dated OIS (%)Difference Vs. Current Effective SONIA Rate (bp)
May-245.129-6.0
Jun-244.999-19.0
Aug-244.842-34.7
Sep-244.705-48.4
Nov-244.544-64.5
Dec-244.407-78.2
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
HomepageBond Market NewsBank Of England (BOE) Market NewsBulletMarketsFixed Income Bullets
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
HomepageBond Market NewsBank Of England (BOE) Market NewsBulletMarketsFixed 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.