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Why MNI
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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 AccessA range bound trading session for.......>
EGB SUMMARY: A range bound trading session for EGBs.
-Market have in general been fairly quiet and within ranges, with most of the
action in FX and particularly the JPY, with the currency losing 1.1% against the
USD.
-Plenty of correlation decoupling throughout the day.
-But eventually Tnotes got the message and sold off somewhat, keeping Bund
upside in check, for a short while, but are sitting 11 ticks up.
-EU peripherals spread have remained close to flat, but are generally around
0.5bp tighter against the German 10 yr.
-BTP and OATs remained buoyed, in line with Bund.
-Though upside should be limited for OATs, given the large supplies expected
tomorrow.
-Tomorrow, also see EU heads of state or government will discuss the EU's
long-term budget for 2021-2027.
- Bund futures are up 0.12 today at 174.65 with BTP futures up 0.13 at 147.98
and OAT futures up 0.19 at 167.21.
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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.