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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 AccessEGBs are trading mixed with core/semi-core.....>
EGBS: EGBs are trading mixed with core/semi-core slightly lower, but periphery
are modestly higher as M5S and Lega request more time to form a coalition as
difference remain. German 10-yr Bund yield is 1bp higher at 0.621% with yield
curve slightly steeper.
- Bunds are seen underpinned though by softer than expected German preliminary
Q1 GDP which came in at 0.3% q/q vs expectations of 0.41% q/q. Attention is now
turning to flash Eurozone Q1 GDP at 0900GMT and at the same time German ZEW
survey for May is released.
- Less certainty of a Italian coalition government being formed by M5S and Lega
has supported a bid in BTPs so far this morning with 10-yr Bund/BTP spread 2.8bp
tighter at 128.9bps. The good sentiment has also supported move higher in Spain
and Portugal.
- Euribor strip is mixed with curve steeper as white contracts are steady to 0.5
tick higher, while blues are 0.5 to 1.5 ticks lower.
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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.