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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.
EGBS
BTP spreads continue to fall alongside ECB rate hike pricing: despite ECB rhetoric this week seemingly cementing a July hike, OIS implied end-2022 ECB rates at 19bp, low of 17bp today (lowest since Apr 28th) and off 35bp highs last week.
- 10Y BTP/Bund coming down from the recent peak above 200bp as well, last 184bp.
- The accompanying chart confirms that correlation is alive and well - with BTP risk spreads defying the broader risk-off that has gripped markets in the past week.
Source: BBG, MNI
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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