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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 AccessEGB/Gilt - Better offered ahead of US Inflation
- EGBs have seen better selling in early trading, so positioning and squaring ahead of the US Inflation data.
- Bund have traded below this weeks low to print a 176.21 low so far, at the time of typing.
- Curves have in turn moved bear steeper.
- German 5s/30s is up, but still short of Monday's high at 72.673, now at 71.949.
- Peripherals are wider versus the German 10yr, and Italy trades 2.5bps wider.
- BTP/Bund spread found a short term base at 100.2027, which was the tightest level since 8th April, now at 102.9bps.
- Gilts are trading in line with Bund, GILT/Bund sits just 0.4bp wider.
- Similar price action in the curve, with UK 5/30s, steeper, but we are still short of yesterday's high.
- Range in the Gilt has been somewhat limited, as the contract sticks to a 19 ticks range (129.30/129.49)
- Looking ahead, US CPI is where all the attention will be.
- SPEAKERS: Fed Bostic and George
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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.