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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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Free AccessCross-Market Impetus Sees Gilts Off Early Highs
After a brief show through yesterday’s high and initial technical resistance (96.05) at the open, weight in wider core global FI markets applies pressure to gilt futures, leaving the contract -5 or so, just above 95.80 and ~30 ticks shy of early highs.
- Cash gilt yields run flat to 2bp higher, with the curve bear flattening.
- SONIA futures twist flatten, operating off best levels given the downtick in gilts, last printing -1.5 to +1.5 through the blues.
- BoE-dated OIS runs flat to 2bp firmer on the day last.
- Nothing in the way of comments observed from BoE chief economist Pill on the wires yet, with his appearance in front of the ICAEW UK Regions Economic Summit (topic: State of the Economy and feedback on the ICAEW Business confidence monitor) ongoing.
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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.