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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 BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
EGB/GILT
Core European government bonds have started the week on a firm footing, albeit with price action contained. The Eurozone periphery has traded weaker while equities have pushed higher.
- The Sep-20 gilt future has traded up to 138.52, towards the top end of the morning range and 2 ticks off the high.
- Bunds trade close to unch on the day. Current yield levels: 2-year -0.7154%, 5-year -0.7200%, 10-year -0.5280%, 30-year -0.1054%.
- OATs are similarly little changed with the curve trading flat overall.
- BTP cash yields are 1-2bp higher with the curve slightly steeper. The 2s10s spread is 2bp wider.
- Supply this morning came from Germany (Bubills, EUR3.56bn) and the Netherlands (DTCs, EUR2.61bn). This afternoon France will sell a combination of 3-/6-/12-month BTFs for E5.8-7.0bn).
- Final July PMI data for the eurozone big four came in slightly above expectations and is firmly in expansionary territory.
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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.