Free Trial

US Inflation in focus

BUNDS
  • A steady cash open for Bund, with the street taking a deep breath, following one of the busiest session for Govies and Rates yesterday, with some of the signs starting on Wednesday.
  • Attention swiftly turn to US inflation, with the Core PCE release.
  • Some houses keeps trying to put some correlation between the Aussie Bond and Europe/Bund, but if this was the case we wouldn't be over 22bps wider so far today, with the spread at widest levels since December 2018 (see chart)
  • Out of Europe and in terms of growth we get German Italian and EU GDPs..

Chart source: Bloomberg

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.