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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.
BRAZIL
- Since the start of July Brazil's 5Y CDS has retained its bullish bias, but is now showing tentative signs of a tend change since peaking at 191.576 on 20 August
- Improved global risk sentiment, alongside encouraging promises on the fiscal front have helped soothe investor nerves about the spending cap in the near-term, but political difficulties continue to keep a risk premium embedded in BRL assets.
- Price action has retraced 10.077bp form its peak, moving below the 23.6% Fibonacci level with an eye on the 38.2% (178.69) & 50% (174.11) levels to the downside
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
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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