FED’S DALY: POLICY ADJUSTMENTS LIKELY WARRANTED AT SOME POINT

MNI China Daily Summary: Thursday, July 11

MNI BOK WATCH: More Evidence Needed To Cut Rates, Says Rhee

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

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS THURS

MNI: PBOC Sets Yuan Parity Lower At 7.1339 Thurs; -1.06% Y/Y

US EIA:NAT GAS STORAGE +65 BCF TO 3,199 BCF JUL 05 WK

Core Goods Above-Expected, But Headline Weakest Since Pandemic(2/2)

CPI Miss Driven By Comprehensively Slower Services Inflation (1/2)

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

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

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

Risk on drives cross assets

BOND SUMMARY
  • Bonds were initially trading higher on the back of risk off, on Russia tension, but market reversed course after some report that Russian Legislator backs off wider separatist recognition claim.
  • It's another big trading session for Bund, way above averages, with most of the bulk of the volumes happening during the morning European session.
  • This has been the trend for the past 2 weeks.
  • Peripheral spreads are mostly flat, but Greek/Bund edges wider, by 1.6bps.Immediate resistance is at the February high (widest) 235.9306, which was the highest level since May 2020.N
  • onetheless, better is seen at the 240bps area..
  • Gilts have traded inline with Bund, and this can be seen via the flat Gilt/Bund spread.
  • Looking ahead, focus remains squarely on Russia.
  • On the data front, out of the US, sees PMIs.
  • Speakers, Include BoE Ramsden and Fed Bpstic
HomepageBulletMarketsFixed 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.