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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 AccessMNI: PBOC Net Injects CNY90.3 Bln via OMO Tuesday
EGBS: Futures Slightly Stronger, But Ranges Tight Amid Light Regional News flow
Core/semi-core EGBs are a little stronger this morning, though Bund and OAT futures remain comfortably within yesterday’s range. Market focus remains on Wednesday’s FOMC minutes and Thursday’s flash PMIs/Q2 negotiated wages data, leaving broader market sentiment at the fore for EGBs.
- Bank of Finland Governor Rehn’s endorsement of a September rate cut yesterday evening prompted little reaction in EGBs/STIRs at the open, given ECB-dated OIS already fully price a 25bp cut at that gathering.
- Regional news flow has otherwise been light, with the continued pullback in oil futures providing modest support to core FI.
- Eurozone final July CPI confirmed flash estimates, while German PPI was also in line with consensus earlier today.
- German and French cash yields are little changed across the curve, as are 10-year peripheral spreads to Bunds.
- Canadian CPI may provide some spillover potential this afternoon.
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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.