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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.
BUNDS
- Not since the financial crisis (GFC), that front month Sterling, a contract mainly driven by Libor fix has seen over 25 ticks swings.
- In 2008, of course moves were over 4 big figures (see chart).
- For the ones that experienced it,. Black Wednesday in 1992, was another date that sticks out, when the UK Government was forced to withdraw the pound sterling from the European Exchange Rate Mechanism, after a failed attempt to keep the pound above the lower currency exchange limit mandated by the ERM.
- Bund trades mainly flat since the cash open. And ALL EYES today will be on the BoE speakers, with Pills Ramsden and Tenreyro on the calendar.
- On the data front, sees the US NFP, but given the spillovers from the UK, short term focus is on the speakers.
Chart source: Bloomberg
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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