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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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI POLITICAL RISK - Trump Announces Raft Of Key Nominations
BRIEF: EU-Mercosur Deal In Final Negotiations - EC
MNI BRIEF: Limited Economic Impact Of French Crisis - EC
EGBs-GILTS CASH CLOSE: Afternoon Recovery
Bunds and Gilts overcame early weakness to finish flat/stronger respectively. Periphery spreads mostly tightened, but Greece underperformed amid heavy supply.
- ECB speakers featured heavily again: this time we heard a bit more from the doves, with Stournaras suggesting that the current inflation surge is temporary and policy should remain cautious.
- A miss in US ADP employment helped boost global FI in the afternoon.
- Heavy supply: Greece sold E2.5bln via syndicated dual-tranche tap of 5/30Y GGBs; Germany E5.5bln syndication of 30Y Bund; UK 2.5bln of Gilt. France and Spain auctions Thursday.
- Italy and Spain Aug PMIs surprised to the upside. Also, BOE announced ex-Goldman/ECB Huw Pill would become the new chief economist.
Closing Yields / 10-Yr Periphery EGB Spreads To Germany
- Germany: The 2-Yr yield is up 0.2bps at -0.711%, 5-Yr is down 0.4bps at -0.682%, 10-Yr is up 0.9bps at -0.374%, and 30-Yr is up 2.4bps at 0.116%.
- UK: The 2-Yr yield is down 1.9bps at 0.2%, 5-Yr is down 1.8bps at 0.365%, 10-Yr is down 2.2bps at 0.692%, and 30-Yr is down 2.3bps at 1.033%.
- Italian BTP spread down 2.8bps at 106.4bps / Greek up 0.7bps at 115.7bps
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.