Free Trial
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.
CAPITAL GOODS
- SIENFI bonds are 10bp tighter this week, with the equity also doing well.
- It presented at the Laguna conference on Wednesday. The slides don’t seem to contain anything new while reiterating the strong order backlog, growth opportunity from electrification and stabilisation of the problematic onshore turbines.
Spreads have recovered well this year, sitting close to low triple B industrial averages. While we have been positive on the credit this year, scope for further outperformance seems limited. Restart of 4.X turbine sales this year and potentially a move to outlook stable next year are the obvious future catalysts but appear largely priced in already.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok