BOC WILL BE CONSDIERING FURTHER RATE CUTS

BOC DOESN'T SEE A RECESSION, RATHER SLOW GROWTH

BOC SAYS WEAKER CAD DRIVEN BY USD STRENGTH

MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

US EIA: CRUDE OIL STOCKS EX SPR -1.42M TO 422.0M DEC 06 WK

BOC CUTS RATE 50BPS TO 3.25%, SEES GRADUAL APPROACH FROM HERE

MNI: US NOV CPI 0.3%, CORE 0.3%; CPI Y/Y 2.7%, CORE Y/Y 3.3%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Sell-off takes a breather

BOND SUMMARY

Core fixed income hit lows yesterday as the reflation theme and medium-term optimism surrounding Covid continued while the downside risks of Italian politics continued to be priced out of broader EGBs. However, we have been partially retracing these moves throughout the European session today, although gilts and Bunds remain at similar levels to those seen on the US open yesterday.

  • Looking ahead the FOMC Minutes and US retail sales will be the highlights, along with a speech from BOE's Ramsden on QE as a policy tool (particularly topical given the debate about the exit strategy).
  • TY1 futures are up 0-3 today at 135-28 with 10y UST yields down -3.5bp at 1.281% and 2y yields down -0.5bp at 0.116%.
  • Bund futures are up 0.16 today at 174.96 with 10y Bund yields down -1.4bp at -0.363% and Schatz yields down -0.2bp at -0.697%.
  • Gilt futures are up 0.24 today at 131.08 with 10y yields down -2.6bp at 0.594% and 2y yields down -0.2bp at -0.46%.
BulletMarketsFixed Income BulletsForeign Exchange Bullets
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.