-
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 PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Global Macro Weekly -
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 AccessMNI EUROPEAN MARKETS ANALYSIS: ECB Expected To Cut Rates Later
MNI EUROPEAN OPEN: A$ & Local Yields Surge Following Jobs Data
Cautious Optimism That CPI Report Won't Produce Hawkish Surprise
Global core FI is stronger with curves mostly flatter, and Gilts outperforming Treasuries and Bunds ahead of the highly anticipated US inflation report.
- Bonds are trading with cautious optimism that the much-anticipated US inflation release won't produce a hawkish surprise. This is corroborated by US dollar weakness and broad equity strength.
- While headline CPI is expected to have retreated in December (-0.1% M/M survey), core CPI is the focus of today’s US inflation report (0830ET/1330GMT), seen picking up to 0.3% M/M from 0.2% prior. Jobless claims data is out simultaneously but as usual won’t be a market mover.
- Periphery EGBs continue to rally following Wednesday’s dovish-leaning ECB news (including an MNI sources piece pointing to potential for slower rate hikes in the spring), with BTP/Bund 10Y spreads testing the 180bp mark.
- Fed speakers include Barkin, Bullard and Harker; BoE's Mann speaks as well.
- $18B 30Y Tsy re-open auction features later in the session.
Latest levels:
- Mar US 10-Yr futures (TY) up 1/32 at 114-15 (L: 114-11 / H: 114-22)
- Mar Bund futures (RX) up 25 ticks at 137.89 (L: 137.63 / H: 138.45)
- Mar Gilt futures (G) up 20 ticks at 103.88 (L: 103.64 / H: 104.14)
- Mar BTP futures (IK) up 41 ticks at 115.31 (L: 114.94 / H: 115.8)
- Italy / German 10-Yr spread 2.2bps tighter at 180.9bps
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.