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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.
CROSS ASSET
- Small unwind in the BTP/Bund spread, now sitting 1.4bp wider, after the spread tested its lowest level since the 24th January yesterday at 177.04bps, now trading at 178.4bps.Support in the spread are seen at 174.67, followed by 169.85, the 2023 low and tightest print since April 2022.
- Bund remains within the post cash open range, with contract trading at circa 131.56 on the open, when it got sold to push the contract 40 ticks lower, now trading at that mid range 131.25 vs 131.07/131.56 range.
- Most desks are on the sidelines ahead of the NFP tomorrow.
- Most of the early action has been in Equities, drifting lower, and FX, with the Dollar offered, and broad base buying of the Yen.
Chart source: MNI/Bloomberg
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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