-
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 PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Global Macro Weekly -
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: Reflation Narrative Maintains Steepening Pressure
The UK and German curves bear steepened yet again Tuesday as the reflation narrative has driven global core FI yields higher this week. Periphery spreads were little changed.
- EGBs mainly took their cue from US Treasuries, with 10-Yr yields hitting 14-month highs on expectations of strong US economic activity and further fiscal stimulus.
- Germany and Spain posted above-expected CPI prints in the morning. Upside surprises in French and Eurozone sentiment indicators added a bit of reflationary sentiment.
- That said, Bund and Gilt yields ended the session off the highs, with some citing month-end extension dynamics as a possible support.
- Wed sees EZ/French/Italian CPI and revised Q4 UK GDP in data, as well as German 15-Yr supply. A few speakers as well with ECB's Lagarde, Rehn, Visco and Villeroy appearing.
Closing yields/10-Yr Spreads to Bunds:
- Germany: The 2-Yr yield is up 1.7bps at -0.692%, 5-Yr is up 3.2bps at -0.625%, 10-Yr is up 3.2bps at -0.286%, and 30-Yr is up 2bps at 0.268%.
- UK: The 2-Yr yield is up 0.7bps at 0.074%, 5-Yr is up 2.3bps at 0.364%, 10-Yr is up 3.6bps at 0.824%, and 30-Yr is up 4.1bps at 1.36%.
- Italian BTP spread up 0.9bps at 96.6bps / Spanish down 0.2bps at 62.9bps
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.