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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-GILTS: 10Y BTP Spreads Through 100bp
A strong start for Gilts and Bunds, with the UK and German curves have bull flattening modestly in early Friday trade.
- The bigger standout has been Italian 10Y BTP spreads tightening through 100bp (99.7bp last and 99.5bp session low; eyeing Jun 17 low of 98.1bp).
- That's in line with a generally risk-on move, with equities pushing higher across the board.
- With French and Spanish Jul CPI final readings coming in more or less unchanged, a fairly limited schedule lies ahead with no further European data of note (in a key week for US data, today we only get the UMichigan survey report).
- Only supply is UK bills, and no central bank speakers on the docket.
Latest levels:
- Sep Bund futures (RX) up 9 ticks at 176.67 (L: 176.47 / H: 176.75)
- Sep Gilt futures (G) up 11 ticks at 129.58 (L: 129.5 / H: 129.65)
- Sep BTP futures (IK) up 21 ticks at 155.39 (L: 155.17 / H: 155.43)
- Italy / German 10-Yr spread 0.7bps tighter at 99.7bps
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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.