FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

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

The Fed is at the forefront

BUNDS
HomepageBond Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • A tight 13 ticks range for Bund overnight ahead of the Cash open, the August low in Yield has again held, after the US retail Sales didn't disappoint, and came fairly close to inline.
  • Desks locked in profit and squared some of the short term intraday position post data, as they were positioned for a retail sales miss, now both Bund and Tnotes trade closer to this week's low.
  • UK CPI was inline with consensus, as such the German 10yr stayed within the overnight tight range.
  • Support in Bund is unchanged at 134.37, and the 2.078% level in Yield equated to 135.50 Yesterday, that held after only manging a 135.39 Yesterday, and 135.49 last Week.
  • Today sees, EU final CPI, but All eyes are of course on the Fed, which at minimum will cut by 25bps, while the 50bps cut is still debated among Desks.
  • SUPPLY: UK £2.75bn 2033 (equates to 16k Gilt) should have limited impact, Italy 2032, 2035, 2037 (would equate combined 27.5k BTP), German 2053, 2054 (equates combined 14k Buxl) could weigh.
  • SPEAKERS: ECB Holzmann, Muller, Vujcic, Nagel, Fed Powell's presser.
178 words

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.
  • A tight 13 ticks range for Bund overnight ahead of the Cash open, the August low in Yield has again held, after the US retail Sales didn't disappoint, and came fairly close to inline.
  • Desks locked in profit and squared some of the short term intraday position post data, as they were positioned for a retail sales miss, now both Bund and Tnotes trade closer to this week's low.
  • UK CPI was inline with consensus, as such the German 10yr stayed within the overnight tight range.
  • Support in Bund is unchanged at 134.37, and the 2.078% level in Yield equated to 135.50 Yesterday, that held after only manging a 135.39 Yesterday, and 135.49 last Week.
  • Today sees, EU final CPI, but All eyes are of course on the Fed, which at minimum will cut by 25bps, while the 50bps cut is still debated among Desks.
  • SUPPLY: UK £2.75bn 2033 (equates to 16k Gilt) should have limited impact, Italy 2032, 2035, 2037 (would equate combined 27.5k BTP), German 2053, 2054 (equates combined 14k Buxl) could weigh.
  • SPEAKERS: ECB Holzmann, Muller, Vujcic, Nagel, Fed Powell's presser.