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Policy
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Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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About Us
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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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free Access3/7/27/30-Year BTPs
- On offer today:
- E1.5-2.0bln of the 1.20% Aug-25 BTP (ISIN: IT0005493298)
- E2.0-2.5bln of the 2.80% Jun-29 BTP (ISIN: IT0005495731)
- A combined E1.0-1.5bln of the 3.85% Sep-49 BTP (ISIN: IT0005363111) and the 2.15% Sep-52 BTP (ISIN: IT0005480980)
- Market colour: 3-year BTP yields are up just shy of 180bp since the mid-April launch, whilst 7-year BTP yields have risen just shy of 110bp since the mid-May launch. Yields for the two BTPs currently stand around 3.047% and 3.739% at the time of writing. The long-term 27/30-year BTPs are up around 220bp and 200bp since the beginning of the year, and are currently hovering around 4.142% and 4.189% at the time of writing this morning.
- 3-year spreads to the 0% Oct-25 Bobl have risen around 83bp from the April 11 low to the high of approx. 171bp seen yesterday, and have since narrowed to around 167bp, whilst 7-year spreads to the 0% Aug-29 Bund rose around 53bp from the May 13 low to the high of 220bp yesterday, and have since narrowed around 5bp.
- 27/30-year spreads to the Bund have widened around 65bp since the beginning of a year, and are currently around the high of 249bp. The 30-year BTP spread to the Bund has seen similar movements and is currently around the high of 245bp seen yesterday.
- Timing: Results will be available shortly after the auction closes at 1000 BST / 1100 CEST.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.