Free Trial

(REFILE WITH CORRECT HEADER): Core......>

EGB SUMMARY
EGB SUMMARY: (REFILE WITH CORRECT HEADER): Core EGBs have steadied after earlier
gains while periphery EGBs are having a decent session Thursday led by Greece.
- Mar 19 Bund future is up 3 ticks at 165.71, off 165.97 high seen early amid a
bit of risk-off with U.S.-NKorea talks ending without a deal.
- German state inflation prints have been mixed vs expectations, ahead of
Pan-State number out at 1300GMT.
- Morgan Stanley said following state data, Pan-German expected to come in at
1.5%Y in CPI and at 1.7%Y in HICP terms (around pre-existing expectations).
- French 10-Yr spreads have fallen below 40bps to Germany for the first time
since mid-January.
- Greek debt is outperforming among periphery paper: 10-Yr spread vs Bunds is
down 4.9bps at 350.6bps. Risk-on as EU's Moscovici makes conciliatory comments
in Athens, Greek bank index rallying 5+%.
- Italy 10-Yr spreads down 1.8bps at 261.8bps, Portugal in 1.2bps at 131.6bps,
and Spain down 0.2bps at 100.9bps.
- No ECB speakers scheduled with Mar 7 meeting looming.

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.