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: PBOC Sets Yuan Parity Higher At 7.1046 Fri; -5.03% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1046 FRI VS 7.1020

MNI BRIEF: Beijing Opposes U.S. Measures Against Chinese Steel

MNI: GERMANY FEB PRODUCER PRICES -2.9% Y/Y

MNI: UK MAR RETAIL SALES +0% M/M, +0.8% Y/Y

Retail sales due at 7:00BST

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

Supply been the talking point in relatively calm markets

BONDS
  • STIR markets have taken a bit of a breather today with the biggest move across the Eurodollar / short sterling / Euribor strips being 3 ticks on the day so far. Gilts and Bunds have reversed some early weakness to trade almost flat on the day with little movement in curves. Treasuries, meanwhile, have seen a flattening of the curve with 2-year yields 0.8bp higher but 10-year yields 1.8bp lower on the day.
  • There has been no market-moving data in the European morning session with focus instead on supply with a green 30-year gilt being launched via syndication for GBP6bln, while Spain has sold E5.1bln of Bonos/Oblis, France sold E7.5bln of MT OATs and a French linker auction still to close. The US will hold a 5-year TIPS auction later, too.
  • There were some interesting comments from Banca d'Italia's Visco who suggested that a common EU sink fund should be created to buy excess debt issued by EU national governments due to the pandemic in order to help put national debt sustainability on a better track. It's unlikely we would see anything on this scale retrospectively, however.
  • Looking ahead we have US claims and existing home sales as well as an appearance from Fed's Waller.
  • TY1 futures are down -0-3+ today at 130-17 with 10y UST yields down -1.8bp at 1.640% and 2y yields up 0.8bp at 0.395%.
  • Bund futures are down -0.02 today at 168.69 with 10y Bund yields up 0.4bp at -0.123% and Schatz yields up 0.4bp at -0.682%.
  • Gilt futures are up 0.08 today at 124.17 with 10y yields down -0.4bp at 1.142% and 2y yields down -0.5bp at 0.669%.
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.