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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 BRIEF: Japan Q3 Capex Up Q/Q; GDP Revised Lower
MNI BRIEF: China November PMI Rises Further Above 50
Bunds look set to finish the week on....>
EGB SUMMARY: Bunds look set to finish the week on a high note, though periphery
EGBs are trading mixed Friday.
- BTP 10-Yr spreads vs Bunds are down 0.1bps at 241.4bps, maintaining this
week's narrowing and hovering around lowest levels since September 2018.
- Spanish spreads are 0.2bps wider to 10-Yr Bunds, while Portugal and Greece are
down just under 1.0bps.
- Meanwhile the Jun 19 Bund future is up 22 ticks at 164.35, after strong gains
in the afternoon.
- Has been a back-and-forth day (range of 163.94-164.45), with a drop of 30
ticks following strong Eurozone supercore inflation data at 1000GMT, but rising
to day's high around 1300GMT on no particular catalyst.
- 10-Yr OAT spreads maintaining their stay under 40bps to Bunds, last 37.8bps.
- Reminder that Moody's reviews Italy (Baa3/stable) and S&P reviews Portugal
(BBB-u / pos) this evening.
- Fairly quiet start to next week in terms of Eurozone data flow; March flash
PMIs will be the highlight on Friday.
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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.