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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.
BONDS
- BTP extends decent gains this morning.
- In terms of technical, immediate resistance is at 150.66 High Dec 6 and the bull trigger.
- The 10yr yield now targets the December low at 0.87%And a break through the latter, would open to next yield support at 0.825%
- Today, reference 150.51, the 0.825% would equate to 151.20.
- BTP/Bund spreads is now 2.4bps tighter, given the dislocation, and investors have looked to fade wideners after we tested highest levels since November 2020, last Month.
- The spread test immediate support at 126.3444
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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