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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 - Bond trade lower ahead of NFP
A calm start for EGBs and Govies in general, as the street awaits the US NFP.
- Bund has been better offered on positioning and squaring ahead of the data, with similar price action across the board.
- The push lowed in the longer end, has pushed the curves steeper, but volumes and ranges have been somewhat limited.
- Peripheral are mostly tighter versus the German 10yr, Greece is in the lead, by 1.7bp,
- Gilts underperforms EGBs, translating in a 1.2bp wider Gilt/Bund spread.
- Looking ahead, ALL EYES on NFP.
- After market ratings:
- Fitch on Norway (current rating: AAA; Outlook Stable)
- Moody's on the Czech Republic (current rating: Aa3; Outlook Stable) & Malta (current rating: A2; Outlook Stable)
- S&P on the European Stability Mechanism (current rating: AAA; Outlook Stable)
- DBRS Morningstar on Luxembourg (current rating: AAA, Stable Trend)
To read the full story
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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.