Bonds
Economists divided after November UK consumer credit, mortgage data
The pace of lending to individuals picked-up slightly in November on the back of stronger mortgage approvals, but remained below the average for over the previous six months, leaving economists divided on the implications of the data for the economy.
Mifid II starts smoothly after late exemptions for futures exchanges
Implementation of new rules governing European financial markets went smoothly after the UK and Germany gave the continent's biggest futures exchanges last-minute leeway.
Bonds: Gilts underperform as investors take positions at start of 2018
These were the movements in some of the most widely-followed 10-year sovereign bond yields: US: 2. 46% (+5bp)UK: 1. 29% (+10bp)Germany: 0. 47% (+4bp)France: 0. 82% (+4bp)Spain: 1. 61% (+5bp)Italy: 2. 10% (+8bp)Portugal: 2. 01% (+7bp)Greece: 4. 11% (-1bp)Japan: 0. 05% (Bank holiday) .