Bonds
S&P reaffirms AA rating on UK, outlook clouded by Brexit
Standard&Poor's reaffirmed its rating on the United Kingdom's long-term sovereign debt but warned of the potential impact on the economy from the uncertainty around the Brexit negotiations and their eventual outcome.
ECB policy decision - Analysts react
"In June we expect a change to a less dovish and more symmetric forward guidance that would open the door for depo rate hikes in 2018. In particular, we would expect modifications possibly to both the forward guidance on rates and on QE by removing the explicit reference in the statement to a scenario with lower rates and/or higher QE. " - Philippe Gudin, Antonio Garcia Pascual, Barclays Research.
Bonds: GIlts pushed higher by cautious ECB, underwhelming US tax cut plans
These were the movements in some of the most widely-followed 10-year sovereign bond yields: US: 2. 30% (-1bp)UK: 1. 06% (-2bp)Germany: 0. 30% (-6bp)France: 0. 83% (-6bp)Spain: 1. 63% (-7bp)Italy: 2. 24% (-7bp) Portugal: 3. 46% (-11bp)Greece: 6. 38% (-3bp) Japan: 0. 02% (+1bp).
Bonds: Investors focus on US tax cut plan announcement
These were the movements in some of the most widley-followed 10-year sovereign bond yields: US: 2-30% (-3bp)UK: 1. 08% (-1bp)Germany: 0. 35% (-3bp)France: 0. 89% (-1bp)Spain: 1. 70% (+2bp)Italy: 2. 31% (+4bp)Portugal: 3. 52% (-5bp)Greece: 6. 41% (-3bp)Japan: 0. 02% (-1bp).
Bonds: Euro area yields bounce back on ECB speculation
These were the movements in some of the most widely-followed 10-year sovereign bond yields: US: 2. 31% (+4bp)UK:1. 09% (+3bp)Germany: 0. 38% (+5bp)Spain: 1. 68% (+7bp)France: 0. 90% (+7bp)Italy: 2. 27% (+9bp)Portugal: 3. 61% (+5bp)Greece: 6. 44% (-1bp)Japan: 0. 03% (+0bp).
Bonds: French bonds jump, periphery bonds wanted
These were the movements in some of the most widley-followed 10-year sovereign bond yields: US: 2. 28% (+3bp)UK: 1. 05% (+2bp) Germany: 0. 33% (+8bp)France: 0. 83% (-11bp)Spain: 1. 61% (-9bp)Italy: 2. 18% (-8bp)Portugal: 3. 56% (-19bp)Greece: 6. 45% (-19bp)Japan: 0. 02% (+1bp).
French equity futures jump after election result, analysts divided
Equity futures were pointing to a sharply higher open for French stocks after centrist Emanuelle Macron was revealed to have won the first round of voting in the country's presidential elections at the weekend.
Bonds: Gilts, Greek bonds outperform
These were the movements in some of the most widely-followed longer-term sovereign bond yields: US: 2. 21% (-2bp)UK: 1. 03% (-4bp)Germany: 0. 25% (+1bp)France: 0. 94% (+1bp)Spain: 1. 70% (-1bp)Italy: 2. 26% (-1bp)Greece: 6. 64% (-8bp)Portugal: 3. 74% (-3bp)Japan: 0. 02% (-0bp).
UK growth and inflation set to exceed forecasts in near-term, BoE's Saunders says
Inflation and growth may outstrip the Bank of England's most recent forecasts, the Monetary Policy Committee's Michael Saunders said.
Bonds: Gilts little changed amid dovish Fed speak, ahead of French elections
These were the movements in some of the most widely-followed 10-year sovereign bond yields: US: 2. 24% (+3bp)UK: 1. 07% (+0bp)Germany: 0. 24% (+4bp)France: 0. 93% (-2bp)Spain: 1. 70% (+2bp)Italy: 2. 27% (-1bp)Portugal: 3. 78% (-3bp)Greece: 6. 72% (+3bp)Japan: 0. 02% (+1bp).
Bonds: Bank issuance, ECB speakers push yields higher
These were the movements in some of the most widely-followed 10-year sovereign bond yields:.
White House tax reforms delayed, not dead, BofA-ML says
The White House's push on tax reforms will ultimately succeed, although it may be delayed, meaning interest rate markets were being overly pessimistic, strategists at Bank of America-Merrill Lynch argued.
Bonds: Gilts higher after snap elections called, US central bank data-dependent
These were the movements in some of the most widely-followed 10-year sovereign bond yields: US: 2. 19% (-6bp)UK: 1. 01% (-3bp)Germany: 0. 16% (-3bp)France: 0. 89% (-2bp)Spain: 1. 67% (-4bp)Italy: 2. 26% (-6bp)Portugal: 3. 81% (-7bp)Greece: 6. 79% (+12bp)Japan: 0. 01% (+0bp).
Bonds: Yields stabilise after early rally
These were the movements in the yields of some of the most widely-followed 10-year sovereign bonds: US: 2. 24% (-0bp)UK: 1. 04% (-1bp)Germany: 0. 19% (-1bp)France: 0. 92% (-1bp)Spain: 1. 71% (+4bp)Italy: 2. 32% (+2bp)Portugal: 3. 89% (+2bp)Greece: 6. 67% (+1bp)Japan: 0. 03% (+0bp).
Bonds: US Treasuries rally hard after Trump interview with WSJ
These were the movements in some of the most widely-followed 10-year sovereign bond yields: US: 2. 24% (-6bp)UK:1. 05% (0. 0%)Germany: 0. 20% (-1bp)France: 0. 93% (-3bp)Spain: 1. 67% (+3bp)Italy: 2. 30% (+2bp)Portugal: 3. 86% (+1bp)Greece: 6. 66% (-6bp) .
Bonds: Italian risk premium at highest since 2014
These were the movements in some of the most widely-followed 10-year sovereign bond yields: US: 2. 32% (-5bp)UK: 1. 05% (-2bp)Germany: 0. 20% (-0bp)France: 0. 96% (+3bp)Spain: 1. 64% (+3bp)Italy: 2. 28% (+4bp)Portugal: 3. 85% (+3bp)Greece: 6. 72% (-6bp)Japan: 0. 04% (-2bp) .
Bonds: French yields rise on latest election poll results
These were the movements in some of the most widely-followed 10-year sovereign bond yields: US: 2. 36% (-2bp)UK: 1. 08% (+1bp) Germany: 0. 21% (-2bp)France: 0. 93% (+4bp)Italy: 2. 24% (+2bp)Spain: 1. 61% (-1bp)Portugal: 3. 82% (-4bp)Greece: 6. 77% (-10bp)Japan: 0. 06% (-0bp).
Bonds: US yields rise amid Fedspeak, financial sector regulation in focus
These were the movements in some of the most widely-followed 10-year sovereign bond yields: US: 2. 38% (+4bp)UK: 1. 08% (-2bp) Germany: 0. 23% (-3bp)France: 0. 89% (-1bp)Italy: 2. 22% (-5bp)Spain: 1. 61% (-2bp)Portugal: 3. 87% (-3bp)Greece: 6. 86% (-27bp)Japan: 0. 06% (0bp).
Recording shows BoE pressured banks to lower Libor rates - BBC
A secret recording from 29 October 2008 could add to evidence the Bank of England pressured commercial banks to keep interest rates on the interbank market lower than they would otherwise have been, the BBC said.
Reasonable size for Fed balance sheet is $2trn, Bullard says
The US central bank should create some policy space for the future by allowing its balance sheet to gradually shrink to a normal size, a top official from the Federal Reserve said.