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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: US events dominate today but looking ahead to ECB/BOE
- EGBs and gilts are sitting a bit shy of their highs of the day but 10-year bonds remain higher on the day and with little movement in the 2-year space we have seen curve bull flatten this morning.
- Markets already have one eye on tomorrow's ECB meeting (and gilts to next week's MPC meeting) but the main events of today are focused on the US side: ADP employment, final print of S&P US services PMI, ISM services and of course the FOMC policy decision and Powell's press conference.
- Spreads have been a bit directionless today with Portuguese and Spanish spreads widening a little but Greek and Italian spreads tightening - although in all instances we are looking at relatively small moves.
- Bund futures are up 0.14 today at 136.38 with 10y Bund yields down -1.3bp at 2.243% and Schatz yields up 1.4bp at 2.624%.
- Gilt futures are up 0.16 today at 102.14 with 10y yields down -1.4bp at 3.652% and 2y yields up 0.6bp at 3.731%.
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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.