BONDS
16 May
Bonds: Gilts brush off larger than expected rise in CPI
libras

These were the movements in some of the most widely-followed 10-year sovereign bond yields: US: 2. 33% (-1bp)UK: 1. 13% (-1bp)Germany: 0. 44% (+2bp)France: 0. 89% (+1bp)Spain: 1. 63% (0bp)Italy: 2. 24% (-4bp)Portugal: 3. 30% (-8bp)Greece: 5. 71% (+4bp)Japan: 0. 05% (+0bp) .

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16 May
Bonds: Gilts underperform following regional election victory for Merkel
merkel, germany, alemania, aleman

These were the movements in some of the most widely-followed 10-year sovereign bond yields: US: 2. 33% (+1bp)UK: 1. 14% (+5bp)Germany: 0. 42% (+3bp)France: 0. 88% (+4bp)Spain: 1. 63% (+1bp)Italy: 2. 28% (+3bp)Portugal: 3. 38% (+1bp)Greece: 5. 67% (-1bp)Japan: 0. 04% (-0bp).

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14 May
Bonds: Fed's Evans, Harker would rather two more rate hikes in 2017
cbpatrickharker

These were the movements in some of the most widely-followed 10-year sovereign bond yields: US: 2. 33% (-7bp)UK: 1. 09% (-7bp)Germany: 0. 39% (-4bp)France: 0. 84% (-4bp)Canada: 1. 57% (-3bp)Italy: 2. 25% (-4bp)Spain: 1. 63% (-2bp)Portugal: 3. 37% (-2bp)Greece: 5. 68% (+8bp)Japan: 0. 05% (-1bp).

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12 May
US consumer prices rise less than forecast in April
fuite-de-produit-chimique-dans-la-gigafactory-de-tesla

The cost of living in the States slipped a tad lower last month with a partial rebound in energy prices offset by broad or flat prices across a wide swathe of categories, including for new vehicles, used cars and trucks and medical care commodities and services.

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12 May
Bonds: Gilts edge higher as MPC sounds more positive note on economy
bandera EEUU USA

These were the movements among some of the most widely-followed 10-year sovereign bond yields: US: 2. 39% (-2bp)UK: 1. 16% (-1bp)Germany: 0. 43% (+1bp)France: 0. 88% (+3bp)Spain: 1. 65% (+4bp)Italy: 2. 29% (+4bp)Portugal: 3. 39% (-1bp)Greece: 5. 63% (-1bp)Japan: 0. 05% (+1bp).

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11 May
BoE slightly more hawkish, MPC vote count unchanged at 7 to 1
boe bank england carney

Rate-setters at the Bank of England are slightly more hawkish because they now see the economy's 'output gap' closing more quickly, although the current "exceptional" circumstances mean no change in policy is imminent.

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09 May
Bonds: Gilts weaker ahead of MPC and after poor RBS covered bond sale
forte-moins-value-pour-l-etat-britannique-avec-les-titres-rbs

These were the movements in some of the most widley-followed 10-year sovereign bond yields: US: 2. 41% (+2bp)UK: 1. 20% (+6bp)Germany: 0. 43% (+1bp)France: 0. 87% (+2bp)Italy:2. 28% (+4bp)Spain: 1. 62% (+3bp)Greece: 5. 65% (-3bp)Portugal: 3. 44% (+3bp)Japan: 0. 04% (+1bp).

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08 May
US interest rates approximately where they need to be, Fed's Bullard says
screenshot 12 01 2017 13 05 37

Interest rates in the US are approximately where they need to be, under certain assumptions, a top US rate-setter said.

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07 May
Bonds: Treasuries edge higher despite solid US jobs report for April
cbfed9292

These were the movements in some of the most widely-followed 10 year sovereign bond yields: US: 2. 35% (-1bp)UK: 1. 12% (+0bp)Germany: 0. 42% (+2bp)France: 0. 85% (+2bp)Italy: 2. 17% (-9bp)Spain: 1. 56% (-4bp)Japan: 0. 02% (0bp)Greece: 5. 84% (-13bp)Portgal: 3. 39% (-3bp).

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05 May
Fed's Fischer argues against foisting policy rule on US central bank
fischerstanley

The US central bank's second-highest ranking official argued against the use of "simple" mathematical rules when deciding on monetary policy.

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05 May
S&P affirms Italy's BBB- long-term debt rating, outlook stable
Rome, Italy, Italian, colosseum

Standard&Poor's reiterated its rating on Italy's long-term debt on expectations for continued growth, reforms and a stable debt load.

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05 May
Bonds: Gilts, Bunds sold down on Fed statement, reduced haven flows
cbmacron92

These were the movements in some of the most widely-followed 10-year bond yields: US: 2. 35% (+3bp)UK: 1. 125 (+5bp)Germany: 0. 395 (+6bp)France: 0. 8335 (+2bp)Spain: 1. 60% (-1bp)Italy: 2. 25% (-1bp)Portugal: 3. 42% (-5bp)Greece: 5. 97% (-3bp)Japan: 0. 02% (0bp).

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04 May
Economists voice worry as US labour costs trend higher in Q1
bandera EEUU USA

What has traditionally been the most closely-watched indicator of wage pressures in an economy rose past forecasts for the first quarter in the US, triggering concern among some economists.

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04 May
FOMC decision 4 May - Analysts react
apocalipsis draghi yellen

"In terms of the Fed yesterday, as expected there were no real surprises to come from the decision to keep rates unchanged or out of the post meeting FOMC statement but there was just about enough for the market to ramp up the odds for another tightening next month. Indeed Bloomberg’s calculator (which overstates a little) now has the probability of a hike at 90% which compares to 67% this time yesterday. [. ] So all-in-all more of the same. Tomorrow’s Fedspeak could well be more interesting particularly for any snippets around the balance sheet.

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03 May
Fed June rate hike odds jump after policy statement
cbfed9292

The odds of an interest rate hike by the Federal Reserve at its June meeting moved sharply higher following the release of the central bank's policy statement in which it brushed aside the importance of weaker than expected first quarter GDP figures.

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03 May
Bonds: Gilts underperform as UK factory sector growth keeps accelerating
cbchina92s

These were the movements in some of the most widely-followed 10-year bond yields: US: 2. 28% (-4bp)UK: 1. 09% (+0bp)Germany: 0. 33% (+1bp)France: 0. 82% (-2bp)Italy: 2. 31% (+3bp)Spain: 1. 65% (+1bp)Portugal: 3. 56% (+2bp)Greece: 5. 99% (-35bp)Japan: 0. 02% (+1bp).

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