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

Waiting for US CPI and first results of Tory leadership contest

BONDS
  • Gilts underperformed at the open as the market digested comments from Governor Bailey last night (he didn't rule out a move of a magnitude other than 25bp) and better-then-expected UK May activity data. However, gilts have moved off their lows, while Bunds are sitting around their lows of the day, and the performance of the gilt and German curves on the day has converged. Moves are limited to less than 4bp, however, with moves across the UST curve even smaller.
  • Treasuries are a little higher on the day as the market awaits the key US CPI report, due at 13:30BST / 8:30ET. There are two-way risks further out the curve than the July meeting in particular. For the MNI US CPI Preview click here.
  • We will also have the results of the first round of voting in the Conservative party leadership contest (race to become next UK PM), in which we will receive the vote breakdown and see either the bottom candidate or any candidates who do not receive 30 MPs' votes eliminated from the contest.
  • TY1 futures are up 0-1 today at 118-22 with 10y UST yields down -0.8bp at 2.963% and 2y yields down -0.7bp at 3.044%.
  • Bund futures are down -0.58 today at 152.43 with 10y Bund yields up 3.3bp at 1.162% and Schatz yields up 4.9bp at 0.389%.
  • Gilt futures are down -0.40 today at 115.65 with 10y yields up 2.6bp at 2.099% and 2y yields up 3.1bp at 1.805%.
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.