MNI BRIEF: China Steel Market To Remain Subdued In August

MNI China Daily Summary: Thursday, August 1

MNI: BOE VOTES 5-4 FOR 25 BPS RATE CUT AT AUG MEETING

MNI CNB WATCH: Cut Pace Slows To 25Bps, Price Pressures Remain

MNI BRIEF: CNB Cuts 2W Repo Rate By 25Bps To 4.5%

MNI BRIEF: Japan Q2 GDP To Rise 0.5% Q/Q; 2.2% Annualised

US EIA:NAT GAS STORAGE +18 BCF TO 3,249 BCF JUL 26 WK

MNI: US JUN CONSTRUCT SPENDING -0.3%

MNI: US ISM JUL MANUF PURCHASING MANAGERS INDEX 46.8

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Citing seasonal surge in corporate.........>

US SWAPS
US SWAPS: Citing seasonal surge in corporate issuance, Citigroup strategists are
giving nod to 5yr spds tighteners from now to just after Labor day (Sep 4)
saying the sector has narrowed 8bp median over past 5 years. Citi prefers to
"position for this using LIBOR spreads as the historical spread tightening was
less prominent in OIS spreads." If that were to play out optimally, the 5yr spd
(+7.5 currently) would be back to steady/inverted levels. Taking a look at
historical closing levels from mid August to early September over the last 5
years, the median change is closer to half that at 4.4 bps. A target around 3.0
from the current 7.5 seems more realistic, particularly given recent
geopolitical concerns that can quickly spur risk-off paying as witnessed last
week.
MarketsFixed Income Bullets
MarketsFixed Income Bullets

To read the full story

Close

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.