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

Yields collapse post US GDP miss

BONDS
  • The miss in US GDP has been the core driver of Govies, pushing Yield to their lowest levels since April.
  • Bund has rallied, and trades in a large 310 ticks range.
  • Peripheral spreads are all tighter, besides Greece that trades 3.2bps wider at the time of typing.
  • Gilt has followed suit, but lags Europe, in turn pushing the Gilt/Bund spread at the April peak.
  • Gilt/Bund tested 106.10bps which is also the shorter term 50% retrace of the March/May tightening.
  • This level has held, and the spread is now at 105.5bps.
  • Looking ahead, attention turns to tomorrow, with a packed session for data and we also get Month End.
  • Tomorrow includes, French prelim CPI and GDP, Spanish prelim CPI and GDP, Italian prelim CPI and GDP, German prelim GDP, EC prelim CPI and Advance GDP.
  • Out of the US, PCE core deflator (june), MNI Chicago PMI (July), Michigan will be final reading.
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.