MNI BRIEF: Inflation Risks Now Shifted To Downside-BOE Ramsden

MNI: Goolsbee Says Stalled Inflation Means Wait Before Moving

MNI China Daily Summary: Friday, April 19

MNI BRIEF: China Hog Market More Balanced In Q2 - Ministry

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

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

MNI: BAKER HUGHES US RIG COUNT 619; OIL RIGS 511; GAS RIGS 106

EZ/UK Bond Supply Calendar: EU, UK Synd W/C 22 Apr, BoE APF Mon

EZ/UK T-Bill Calendar: Germany, France Auction on 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

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Yields fall across the board

BONDS
  • Another wide trading session for EGBs and Bund, but very choppy with 20 ticks swings at a time in Bund (and 172 ticks range).
  • Govies have extended gains, pushing Yields lower.
  • The French CPI, was inline, but didn't beat the estimates, which helps underpinned Bonds.
  • German 2yr tested lowest level since the 9th June, with most of the action centred in the shorter part of the Curve 2yr and 3 Months Euribor.
  • Schatz future is off the session, Yield off the low.
  • Next support in 2yr is seen at 0.65%, reference 109.075, would equate to 109.185.
  • Peripherals are wider this morning, as Bund outperforms its peers.
  • Italy is in the lead so far today, by 5.7bps at 191.9bps.
  • Gilt is taking its cue from the European price action, but is somewhat lagging Germany, pushing the Gilt/Bund spread 5.8bps wider.
  • US Treasuries have followed suit, and trade in the green, but volumes are fairly subdued, with 340k lots traded at the time of typing.
  • Looking ahead, Out of the US, PCE deflator and MNI Chicago PMI are the notable release, but Europe are already turning their attention to the EU CPI release tomorrow.
  • Also today, includes OPEC meeting.
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.