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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.
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Free AccessMNI BRIEF: Beijing To Protect Firms From U.S. Bill - MOFCOM
MNI BRIEF: SNB Cuts Policy Rate By 50 BP To 0.5%
MNI EUROPEAN MARKETS ANALYSIS: ECB Expected To Cut Rates Later
0% Nov-28 Bund
- Germany will come to the market this morning to offer E3.0bln of the 7-year 0% Nov-28 Bund. The issue has an ISIN of DE0001102556.
- As the table below shows, recent 7-year Bund auctions have been well received with the bid-to-cover exceeding 1x in every auction since launch (unlike some other German issues).
- Indeed, the smaller auctions than seen for Schatz and Bobls seem to be resulting in stronger 7-year Bund auctions in comparison.
- We would expect to see another strong auction today.
- Timing: Results will be available shortly after the auction closes at 10:30BST/11:30CET.
Issued | Allotted | Avg yield | Bid/cover | Bid/offer | Price | Pre-auct | |
On offer: | E3.0bln | Current | -0.494% | ||||
Last 4 ave | E3.75bln | E3.085bln | -0.503% | 1.19x | 1.44x | ||
24-Aug-21 | E3bln | E2.48bln | -0.650% | 1.28x | 1.55x | 104.85 | 104.83 |
20-Jul-21 | E4bln | E3.349bln | -0.580% | 1.32x | 1.57x | 104.35 | 104.32 |
08-Jun-21 | E4bln | E3.259bln | -0.370% | 1.01x | 1.24x | 102.83 | 102.80 |
27-Apr-21 | E4bln | E3.253bln | -0.410% | 1.14x | 1.40x | 103.13 | New |
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Why MNI
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