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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 AccessEGBs are trading mixed, with flash......>
EGB SUMMARY: EGBs are trading mixed, with flash PMI data coming out this morning
and Italian budget news eyed.
- The Dec 18 Bund future is up 6 ticks at 158.8, with the curve steepening to
begin Friday, with the 2-Yr yield down 0.3bps at -0.532%, 5-Yr up 0.4bps at
-0.101%, 10-Yr up 0.8bps at 0.479%, and 30-Yr up 0.9bps at 1.139%.
- Italian BTP yields are a little lower, following on from Deputy PM Di Maio's
statement after hours that his 5-Star party is not seeking to dismiss Fin Min
Tria, and with Lega set to present budget proposals Friday. The 2-Yr yield is
down 0.7bps at 0.809%, 10-Yr is down 0.6bps at 2.876%. - EGB periphery spreads
vs Germany are a little narrower, with 10-Yr BTPs vs Bunds in 1.1bps at 240bps,
Spanish in 0.4bps at 103.6bps, Portuguese in 0.3bps at 140.9bps, and Greek in
0.3bps at 360bps.
- A slew of EMU flash PMI readings for September are ongoing (France manuf came
in a little below expectations at 52.5 vs 53.3 median, with Composite hitting
21-month low of 53.6.
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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.