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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.
BONDS
- A busier session for EGBs and Bund, as most desk are back from holiday, and following the UK Bank holiday yesterday.
- Market saw some divergence between Bund and the Uk and the US.
- Bund have been bid during the session, on short cover and profit taking, more of a corrective unwind.
- Bund and EGBs outperforms as investors positions on a the rate outlook, with the UK and US set to move before the ECB.
- Peripheral spreads are mostly flat against the German 10yr, Spain is 0.7bp tighter, and Italy 1.5bp wider.
- The largest moves have been in Gilts, as the contract caught up after it was closed yesterday.
- This translated to a big 12bps widening Gilt/Bund spread.
- The spread is widest since 25/11 at 120.5bps.
- Looking ahead, Fed Kashkari speaks to Wisconsin Bankers on the Economy.
Chart source: 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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