-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
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
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessBunds outperform
- Bunds are the outperformers in core fixed income space this morning. There are no specific headlines driving the moves, but markets are looking at fundamentals and concerned that the outlook for the eurozone looks particularly precarious at present.
- Gilts on the other hand are actually a bit lower on the day, with some of the adjustments following PM Johnson's resignation continuing to reverberate around sterling markets. There is focus today on a slightly more expansionary fiscal policy outlook (which would to some extent lead to a tighter monetary policy outlook).
- US Treasuries have seen the smallest moves, as the market looks ahead to today's employment report. We expect there to be only small changes to expectations for the July meeting (unless there is a very large surprise), but expectations further out the curve are two-way given recent market moves.
- TY1 futures are up 0-7 today at 118-15+ with 10y UST yields down -0.6bp at 2.991% and 2y yields up 0.4bp at 3.021%.
- Bund futures are up 0.27 today at 150.82 with 10y Bund yields down -3.8bp at 1.276% and Schatz yields down -6.6bp at 0.472%.
- Gilt futures are down -0.34 today at 115.14 with 10y yields up 1.6bp at 2.142% and 2y yields up 2.1bp at 1.819%.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.