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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI POLITICAL RISK - Trump Announces Raft Of Key Nominations
BRIEF: EU-Mercosur Deal In Final Negotiations - EC
MNI BRIEF: Limited Economic Impact Of French Crisis - EC
MNI US MARKETS ANALYSIS - Ouster of Barnier Leaves Little Dent
EGB/Gilts- ALL EYES on NFP and ISM services
- EGBs have traded within ranges this morning, with decent volumes going, but mostly spread related.
- Desks are taking the opportunity ahead of NFP and a long holiday weekend for the US.
- Expiry will be on the 8th for the September contract.
- Italy has underperformed Bund, pushing the 10yr spread 2.7bps wider.
- Greece on the other hand is 0.6bp tighter.
- The morning session was dominated by European services PMIs, but the data had very little impact on markets.
- Gilts saw UK final service PMI being revised lower to 55 vs 55.5 expectation.
- The contract is unaffected, and underperforms Bunds also.
- Gilt/Bund spreads is 1.1bp wider.
- US treasuries are trading within their tight overnight ranges, as the Globe awaits on the US NFP and US.ISM services releases.
- Besides the data, we don't have any scheduled speakers, but the US The President will delivers remarks on the August jobs report at 1000ET/15.00BST. Nothing new here.
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.