MNI BRIEF: Inflation Risks Now Shifted To Downside-BOE Ramsden

MNI: Goolsbee Says Stalled Inflation Means Wait Before Moving

MNI China Daily Summary: Friday, April 19

MNI BRIEF: China Hog Market More Balanced In Q2 - Ministry

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

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: BAKER HUGHES US RIG COUNT 619; OIL RIGS 511; GAS RIGS 106

EZ/UK Bond Supply Calendar: EU, UK Synd W/C 22 Apr, BoE APF Mon

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

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

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

Risk on tone, keeps the lid on Govies

BONDS
  • Early focus in EGBs was on the European PMI services releases.
  • France missed, Germany and EU beat expectations.
  • Bunds are in turn better offered, with the contract also taking its cue from the Risk on tone, as Equities rallies since 07.00bst, and gaining further traction on the EU cash open.
  • Peripherals are all trading tighter, with Greece leading by 2.5bps against the German 10yr.
  • Gilts are also better offered this morning, helped by the Retail sales beat although PMIs missed expectations.
  • Nonetheless, price action has been limited as we close out a very volatile busy week, and the contract stick to a 20 ticks range (129.50/129.70).
  • US Treasuries have also been better offered as Mini S&P edges back towards the record high, now at 4379.25, with the record high situated at 4384.5.
  • Curves are generally all trading bear steeper
  • US 5s/30s, is still well short of yesterday's steepest level
  • Looking ahead, We get Canadian Retail Sales, US PMIs Services.
  • And tonight, after markets, RATINGS: Moody's on Cyprus and DBRS on EFSF, ESM
HomepageCommodities Market NewsBulletMarketsFixed Income 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.