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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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Free AccessCore/Semi-core EGBs opening higher curves......>
EGBS: Core/Semi-core EGBs opening higher curves flatter taking cue from rise in
US Treasuries overnight following escalation in US/China trade spat. German
10-yr Bund yield last 4.5bp lower at 0.353% and 2s/10s yield spread is 2.8bp
tighter at 98.2bps.
- EMU periphery have opened on the back-foot weighed by the risk-off sentiment,
while newswire reports that Italy may take another year to balance the budget
also seen weighing. 10-yr Bund/BTP spread is 8.2bp wider at 223.7bps while Spain
and Portugal are circa 4bp wider.
- US President Trump ordered the US Trade Rep to identify an additional $200bln
in Chinese goods for tariffs at a rate of 10%, this is a larger nominal amount
than had been expected.
- China said it would fight back firmly with "qualitative" & "quantitative"
measures if the United States publishes an additional list of tariffs on Chinese
goods.
- Little data from either the Eurozone or UK today but ECB forum in Sintra
continues, with a number of central bankers scheduled to speak.
To read the full story
Sign up now for free trial access to this content.
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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.