-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
-
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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 AccessEGBs-GILTS CASH CLOSE: BTPs Weaker As Political Uncertainty Persists
BTP weakness was the standout in Wednesday's European trade, with the Italian curve bear steepening and spreads widening.
- The German and UK curves likewise bear steepened, with safe havens on retreat ahead of the Federal Reserve decision and as equities bounced.
- The 10Y BTP/Bund spread closed above 140bp for the first time since Sept 2020 as the Italian presidential voting impasse continued (MNI published a sourced exclusive on the election, including on Draghi's future)
- Finland's 20Y syndication saw lukewarm demand (books >E16bln on E3bln size).
- Attention after hours firmly on the Fed.
Closing levels:
- Germany: The 2-Yr yield is up 0.4bps at -0.645%, 5-Yr is up 0.6bps at -0.353%, 10-Yr is up 0.6bps at -0.074%, and 30-Yr is up 1.1bps at 0.246%.
- UK: The 2-Yr yield is up 2bps at 0.916%, 5-Yr is up 2.6bps at 1.022%, 10-Yr is up 3.4bps at 1.198%, and 30-Yr is up 4.8bps at 1.332%.
- Italy / German 10-Yr spread 3.3bps wider at 140.2bps
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.