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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.
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Free AccessMNI POLITICAL RISK - Thune Defends Two-Step 2025 Agenda
MNI US MARKETS ANALYSIS - EUR Steadies Ahead of ECB
Bund Steepening Extends, Gilt Selloff Pared As GBP Takes A Breather
Bunds and Gilts have pulled back further since midday London time, though as with other moves today it looks like other asset classes are exerting the most gravity: the USD is bouncing from session lows (with GBP fading a little), with stocks now a little off their highs.
- No particular headline trigger seen for the most recent move.
- The German curve is steepening further (2s10s last +3.1pp on the day) with 10Y Bund yield up over 7bp, while the UK's is pulling back from steepest levels (2s10s last +6.9bp, vs 7.7bp high) though 10Y yield is still up 8.6bp on the day.
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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.