MNI BRIEF: PBOC, MOF To Promote Treasury Trades Progressively

MNI: PBOC Net Injects CNY276 Bln Via OMO Weds; Rates Unchanged

CHINA PBOC CONDUCTS CNY278 BILLION VIA 7-DAY REVERSE REPOS WEDS

MNI: PBOC Sets Yuan Parity Higher At 7.1159 Weds; -1.39% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1159 WEDS VS 7.1148

MNI China Daily Summary: Tuesday, June 18

Japan May Exports +13.5% Y/Y; Imports +9.5% Y/Y

MNI BRIEF: Japan May Exports Rise On Automobiles, Auto Parts

MNI: JAPAN MAY EXPORTS +13.5% Y/Y; APRIL +8.3%

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

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

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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

Outperforming and now above Friday's close

GILTS

Gilts rallied after Bailey's comments earlier that the change in forward guidance introduced as part of the March MPC statement was a reflection of the increased uncertainty to the outlook.

  • Gilt yields across the curve are now 8.6-10.0bp higher than the lows of the day (which were seen even before Bailey begun to speak).
  • This translates to yields being 1.0-5.0bp lower than Friday's close with the curve having flattened with 2s10s 2.3bp flatter on the day at 26.5bp and 10s30s 1.6bp flatter at 17.0bp.
  • Bailey's comments have helped gilts outperform Treauries and Bunds at the 10-year segment of the curve while 2-year yields are lower on the day (unlike Schatz or 2-year USTs).
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.