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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Consolidating some of the sell off
EGBs are consolidating some of the decent post Fed sell off.
This looks more corrective and led by US treasuries.
German curve unwinds some of the steepening bias with 5/30s hovering at session low.
US/German 10yr spreads has tightened by 5.6bps to 172.2bps.
Peripheral spreads are all trading wider against the German 10yr, with Portugal, Spain and Greece around 2.6bps, and Italy by 4bps.
Looking ahead, ECB Visco speaks at 2021 IIF G20 conference.
Bund futures are down -0.19 today at 172.34 with 10y Bund yields up 1.7bp at -0.186% and Schatz yields up 0.8bp at -0.673%.
BTP futures are down -0.60 today at 151.30 with 10y yields up 5.1bp at 0.828% and 2y yields up 2.8bp at -0.381%
OAT futures are down -0.37 today at 158.57 with 10y yields up 3.1bp at 0.164% and 2y yields up 0.2bp at -0.653%.
To read the full story
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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.