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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessA$ Snr Bank Debt Out-Performs, Asia IG Steady Ahead Of US CPI
- Asian equities surged higher today, with tech stocks lifting Japan, Taiwan & South Korean markets, while Hong Kong & China equities were boosted after China is looking to impose strict measures to curb short selling and quantitative trading strategies.
- Aus credit spreads continue to move tighter, Major Bank Snr debt is trading at all time lows and outperforming moves in Major Bank Sub lines a touch, while corps are 1-2bps tighter with many names trading at all time lows, infrastructure names are the top performing today.
- It has been a slow day in Asia today, with the Asia IG index little changed, tech names are about 1bps tighter, while Metals & Mining names about 1bps wider. Asia sovs are steady as we await US CPI later today.
- Aus iTraxx CDS is 0.5bps lower at 61bps & Asia Ex-J iTraxx is also 1bps lower at 91.5bps
- Headlines: " China Regulator Said to Ask Some Banks to Shorten Bond Duration" - BBG
- Primary Deals: CLP Power Hong Kong A$ Benchmark 3Y FXD and/or FRN Bonds, Mirae Asset USD 3 or 3.5Y Bond
To read the full story
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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.