FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

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

Off Of Widest Levels Post NFP

BTP

The 10-year Bund/BTP spread is now trading off widest levels of the day, following the spike higher post NFP, which came in strong.

  • The spread of 10-Yr Italian BTPs vs Bunds is 1.6bps wider at 202.8bps, off highs of 205.2bps.
  • Spreads of Spanish, Portuguese and Greek bonds spiked higher on the release but have since come back to pre-data levels, with BTPs underperforming in the space.
  • The Italian 2s10s curve spear steepened further following the print and is now 4.5bps wider at 92.1bps.
  • Fairly dovish ECB Speak from hawks Knot and Vasle (comfortable with current policy; could see a soft landing) has provided some extra help in the EGB recovery alongside details of the NFP report, showing a softer-than-expected average hourly earnings print.
BulletMarketsFixed Income BulletsHomepage
BulletMarketsFixed Income BulletsHomepage

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.