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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 SUPPLY
- IPT: EU300m WNG 6Y Fixed MS+120 Area.
- We see FV at MS+75a.
- BOGAEI 26 generally traded 10-30bp through 1-2 notch lower rated ESBIRE (A3/A-/NR) before drifting wider over the past 6 months. Although that bond is marginally wide to ESBIRE currently, we peg our FV 5bp through the ESB curve. That would also put BOGAEI inline with RTEFRA (NR/A/NR).
BOGAEI is exposed to headline risk due to decarbonisation goals in Ireland, but in practice gas is likely to remain in use for the foreseeable future.
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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