MNI INTERVIEW: IMF's Adrian Warns Of Inflation Risk To Markets

CANADA MAR CPI +2.9% YOY VS FORECAST +2.9%, PRIOR +2.8%

MNI BRIEF: UK Services Inflation May Persist - Lombardelli

MNI EM China Daily Summary: Tuesday, April 16

MNI BRIEF: Industrial, Service Rebound Buoys China's Q1 GDP

MNI: PBOC Conducts CNY2 Bln Via OMO Tues; Liquidity Unchanged

EZ/UK Bond Supply Calendar: Greece, Italy, UK, Germany Wednesday

EZ/UK T-Bill Calendar: Portugal, EU Auction Wednesday

MNI: US MAR INDUSTRIAL PROD +0.4%; CAP UTIL 78.4%

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

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

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Peripheral spreads continue to widen but Bunds ignore equity rout

EGB SUMMARY
  • As concerns about lockdowns in France and Germany continue to dominate the market, peripheral spreads have continued to widen through the day with BTP-Bund 10-year spreads 8.7bp wider on the day at the time of writing.
  • Despite the one way move in peripheral spreads and in equities (and also in FX markets), core fixed income markets have seen proportionally much smaller moves. In fact, Bund futures are 30 ticks off their highs of the day at the time of writing.
  • Headlines have been hitting the wires about an agreement of a German one month lockdown over the past few minutes and French President Macron is due to announce new restrictions tonight at 19:00GMT.
  • Bund futures are up 0.14 today at 176.08 with 10y Bund yields down -0.9bp at -0.625% and Schatz yields down -1.4bp at -0.794%.
  • BTP futures are down -0.83 today at 148.83 with 10y yields up 7.5bp at 0.774% and 2y yields up 5.3bp at -0.326%.
  • OAT futures are down -0.17 today at 169.69 with 10y yields up 0.9bp at -0.320% and 2y yields down -0.7bp at -0.725%.
BulletMarketsFixed Income BulletsForeign Exchange 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.