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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.
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Free AccessMNI Credit Weekly: The Hangover
MNI: Italy To Overshoot 2024 Fiscal Target - Sources
Early focus is on Supply
- Bund saw a 10 ticks gap higher overnight that was quickly closed, and the contract stays underpinned into the Cash open, albeit closer to flat post open.
- Initial resistance was seen at 134.72, this was tested after printing a 134.80 high today.
- Resistance remains at today's high of 134.80, and this will be followed by 135.18, managed a 135.17 high last week.
- There's no tier 1 Data for the session, focus this afternoon will be on the US BLS payrolls revision, while the FOMC minutes is unlikely to move the needle especially ahead of Powell Friday.
- SUPPLY: Some focus on supply on both sides of the Atlantic, UK £3.75bn 2027 (would equate to ~38.2k Gilt) should weigh into the bidding deadline. German €4.5bn Bund (equates to 38k Bund) should weigh. US Sells $16bn of 20yr Notes.
- SPEAKERS: ECB Panetta.
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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.