CANADA JUNE JOBS -1.4K VS FORECAST +20K, PRIOR +26.7K

MNI China Daily Summary: Friday, July 5

MNI BRIEF: PBOC Plans To Borrow Hundred Bln Yuan CGB - Press

MNI: PBOC Net Drains CNY48 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1289 Fri; -0.35% Y/Y

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: BLS: NET PAYROLLS REVISIONS FOR MAY, APRIL -111K

US JUN AVERAGE HOURLY EARNINGS +0.3% Vs MAY +0.4%; +3.9% YOY

US JUN UNEMPLOYMENT RATE 4.1%

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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

Mizuho Suggest Gilt Outperformance Vs. Bunds Could Fade

BONDS
HomepageBond Market NewsBulletMarketsFixed Income Bullets

Mizuho note that “gilt outperformance vs. Bunds has been impressive, and likely a bit overextended. We think risk-reward to fade that outperformance looks attractive, with supply dynamics supportive of Bunds.”

  • Still, they are cautious of thinner European liquidity to start the week, while noting that this week’s mix of UK & European data provide some imminent event risk.
58 words

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.

Mizuho note that “gilt outperformance vs. Bunds has been impressive, and likely a bit overextended. We think risk-reward to fade that outperformance looks attractive, with supply dynamics supportive of Bunds.”

  • Still, they are cautious of thinner European liquidity to start the week, while noting that this week’s mix of UK & European data provide some imminent event risk.