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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 BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
/EGBs-GILTS: Bunds are a stronger......>
BOND SUMMARY: /EGBs-GILTS: Bunds are a stronger ahead of supply today, with
Sino-US tensions offsetting hopes for a COVID vaccine after Moderna's promising
trial data released last night. Gilts are flat though off opening lows.
- Indeed, Sep Bunds on session highs and potentially breaking out of the last
two days' range. Next resistance at 176.49 (Jul 13 high).
- Germany sells 0.0% Aug-30 bund for EUR5bln, while the UK sells 1.75% Jul-57
Gilt for GBP1.5bln and 2.25% Sep-23 for GBP3.25bln.
- UK Jun CPI / core came in higher than expected. No interesting data for the
rest of the morning.
- Only one Cenbank speech of note: at 0900BST we get BoE's Tenreyro.
- Against this backdrop, UK's DMO remit update and weekend's European summit
loom large for respective markets. ** Latest levels:
* Sep Bund futures (RX) up 11 ticks at 176.31 (L: 175.97 / H: 176.31)
* Sep Gilt futures (G) down 7 ticks at 137.81 (L: 137.7 / H: 137.83)
* Sep BTP futures (IK) up 4 ticks at 144.44 (L: 144.2 / H: 144.47)
* Italy / German 10-Yr spread 0.8bps tighter at 165.1bps
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.