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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.
CREDIT UPDATE
We pointed out yesterday that the ICE BofA BBB Index of Corp spreads is trading in the bottom centile I.e. That 99% of the time in the past 10yrs, credit spreads are wider.
The ever bearish Telegraph has picked up on the theme.
- "If so, US Treasuries, German Bunds, and UK Gilts are massively mispriced. So are BBB junk [sic] bonds trading at an average wafer-thin spread of 1.09pc, matching the extreme complacency seen before the global financial crisis."
https://www.telegraph.co.uk/business/2024/06/05/gr...
Source: MNI, St Louis Fed, ICE, BofA
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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