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Why MNI
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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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• Bund yields close 4bp higher after higher than expected PCE and lower jobless claims.
• Stocks traded lower with drag from Meta / Tech for the S&P, with a leg lower post US data. Communications and Consumer Discretionary were the other weak sectors in the €IG Issuer basket, with all sectors red. SPX / SX5E left -1.3% / -0.7%.
• €IG cash is closing around 1bp wider on average. AALLN 7-13 tighter following the BHP approach. MCGLN (+8) remains under pressure following CFO departure after delayed earnings which still disappointed.
• CDS indices close wider on risk off with Main / XO +0.8/+5.8.
• Primary saw just Werfen and Nationwide in IG, Ion in sub fins.
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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.