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- PolicyPolicy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: - G10 MarketsG10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts - Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- CommoditiesCommodities
Real-time insight of oil & gas markets
- CreditCredit
Real time insight of credit markets
- Data
- MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
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Free AccessBunds have started the week by giving...>
EGB SUMMARY: Bunds have started the week by giving back a portion of the large
gains of last week. Within the first hour of trading, the Sep-17 contract had
fallen below Friday's low of 164.19. The move is driven by a risk on sentiment
as the North Korean headlines have ebbed.
- At around 09.20BST, news emerged that China had decided to ban import of coal
and other products from North Korea and so hopes of a diplomatic solution rose,
hurting Bunds in the process.
- Italian government debt is strongly bid a newspaper report picks up upon the
recent decline in Italian bank NPLs caused by rapid sales. The Bund-BTP spread
is 4bp tighter at 161bp but Spanish debt is moving more rapidly to 103bp. Spain
is being assisted by a very positive article about Spanish growth in the WSJ
alongside a decline in geo-political risks.
- Germany issued a new 6m bubill this morning and France does the usual bill
auctions this afternoon but there is no bond supply this week.
- Data has seen Eurozone IP data come close to consensus. Portuguese GDP missed
expectations and grew only 0.2% in Q2.
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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.