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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: PBOC Net Injects CNY37.3 Bln via OMO Wednesday
MNI ASIA MARKETS OPEN: Tsy Curves Reverse Course Ahead Wed CPI
1.00% Jul-32 EU NGEU
- On offer today: E2.5bln of the 1.00% Jul-32 EU NGEU (ISIN: EU000A3K4DD8)
- Market colour: 10-year EU NEGU yields rose approx. 80bp from the March 22 launch to a high of 1.789% on May 9. They have since fallen around 25bp to 1.520% at time of writing.
- Spreads to the 0% Feb-32 Bund widened around 15bp from the launch to the May 10 high in excess of 62bp. Spreads have since narrowed approx. 7bp off the high.
- Timing: Results will be available shortly after the auction closes at 1030 BST / 1130 CEST.
Auction history: This will be the first reopening of the new 10-year NGEU. The initial launch saw books of E59bln
Date | Issued | Avg yield | Bid/cover | Price | Pre-auct | Operation |
Current | 1.520% | |||||
22-Mar-22 | E10bln | 1.020% | 99.80 | New | Synd |
Similar 10y NEGU issuance: EU000A3KSXE1 0% Jul-31 EU NGEU
Date | Issued | Avg yield | Bid/cover | Price | Pre-auct | Operation |
Current | 1.433% | |||||
15-Jun-21 | E20bln | 0.086% | 99.14 | New | Synd |
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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.