Free Trial
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.
BTP
A decent move in the 10-Year BTP/Bund spread in the last few sessions, post-Fed & ECB, with the rhetoric from Italian Ministers re: distaste for continued ECB tightening also in the mix in recent days (once again evident over the weekend).
- Still, the spread trades well within the recently observed range, but away from multi-month tights.
- This is one of the channels that has the potential to muddy the transmission of tighter ECB policy when it comes to foreign exchange rates, given the credit spread component of the periphery (most notably Italy) that is embedded into EUR valuation.
Fig. 1: 10-Year BTP/Bund Spread
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok