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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
- Bund extends gains since the cash open, with desk still favouring fading off the yield resistance level.
- The Dovish RBA overnight, scrapping its April 2024 0.1% Bond yield target, and putting cold water over aggressive tightening has kept Bond underpinned for the continent.
- This has spilled over into JGBs and in turn Bund.
- Much better correlation between JGBs and Bund.
- Today sees some Final EU PMIs, but unlikely to move the needle, with all the attention on Fed and BoE this week.
- SUPPLIES UK £3bn 2025 and £1.25bn 2071 (equates combined to 71k Gilt 10yr). German Linker, won't impact Bunds, and same story for Austria 2036.
- SPEAKERS: ECB Elderson, de Cos.
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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