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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.
CREDIT RESEARCH
BNP's strats view local cash as attractive for swap hedgers. We noted the vol last week in swap spreads (net widening) but recent trends still have credit spreads against swaps +40bps over spreads against bunds. Basis on CDS remains negative (iTraxx was +1bp last week vs. €IG cash +2) & that's adding to BNP's view for favouring cash here. In $ markets we've seen relatively consensus swap spread widening play out to some extent - 10yr breaking the -36 level last week - majority of notes that have crossed our desk post treasury refunding are still holding onto a widening view.
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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