MNI BRIEF: Fed's Goolsbee Taking Job Gains With Grain Of Salt

BRIEF: EU Says Engaging With China Over EV Trade Dispute

MNI BRIEF: Draghi Calls For Tariffs, Subsidies Against China

MNI BRIEF: China May M2 Slows To Record Low Again

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

US Treasury Auction Calendar

MNI: BAKER HUGHES US RIG COUNT 590; OIL RIGS 488; GAS RIGS 98

EZ/UK Bond Supply Calendar: Slovakia, Belgium, BoE APF Monday

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

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

Weaker Ahead Of The Holidays

BONDS

Global fixed income is trading decisively weaker Thursday, on the last pre-holiday trading session for US fixed income (early close today too) and most European bonds.

  • Gilts are leading the way lower alongside a stronger GBP, with the UK gov't set to avoid announcing lockdown restrictions ahead of Christmas.
  • Elsewhere, in Bunds and Treasuries, a bit of bear steepening. BTPs bucking the risk-on trend, underperforming both Bunds and the rest of the periphery.
  • Not much in the way of market-moving headlines in the morning, but a fairly heavy US data slate ahead of Friday's holiday: jobless claims, durable goods and PCE among them.

Latest levels:

  • Mar 10-Yr US futures (TY) down 3.5/32 at 130-20 (L: 130-19.5/ H: 130-26)
  • Mar Bund futures (RX) down 44 ticks at 172.7 (L: 172.7 / H: 173.19)
  • Mar Gilt futures (G) down 41 ticks at 125.24 (L: 125.23 / H: 125.56)
  • Mar BTP futures (IK) down 90 ticks at 147.6 (L: 147.6 / H: 148.45)
  • Mar OAT futures (OA) down 48 ticks at 164.47 (L: 164.46 / H: 165)
BulletMarketsFixed Income BulletsHomepage
BulletMarketsFixed Income BulletsHomepage

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.