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Off Best Levels, UK Gilt Issuance Remit & U.S. Jobless Claims Data Temper Oil-Driven Bid

BONDS

A quick round up of recent price action:

  • Initially, confirmation of the delay of the OPEC+ meeting scheduled for Sunday (to Thursday 30November) weighed on oil and supported core global FI markets.
  • In terms of the details, BBG sources suggested that the delay came on “this weekend has been delayed as talks ran into trouble amid Saudi dissatisfaction with other members’ oil production levels.”
  • The EUR 5y5y inflation linked swap rate is nearly 2bp lower on the day, ~2.5bp off last week’s multi-month low.
  • A much smaller-than-expected reduction in the gilt issuance remit in the UK Autumn Statement and lower-than-expected jobless claims prints out of the U.S. then helped the space away from best levels.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
HomepageBond Market NewsBulletMarketsFixed Income Bullets
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
HomepageBond Market NewsBulletMarketsFixed Income Bullets

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