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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI China Daily Summary: Friday, December 13
MNI US OPEN - UK Economy Contracts for Second Straight Month
EGBs/GILTS: European bonds have........>
BOND SUMMARY: EGBs/GILTS: European bonds have traded in choppy fashion early
Thursday, with Sweden setting the tone.
- Main event has been Sweden`s Riksbank coming out dovish this morning, holding
rates but removing one 25bps rate hike from its 2020 outlook (compared with its
Feb outlook). Repo rate path shows 0% chance of July hike, 0-10% of Sep hike.
- Gilts and Bunds got a lift in the wake of the decision though have come back
slightly. Risk-off bid helped by reports of Deutsche/Commerz merger collapsing.
- BTP spreads widening a bit further, ahead of Friday`s S&P review.
- Euribor and Short-Sterling strips fairly flat.
- Little in the way of key European data today and no EGB supply.
- ECB releases economic bulletin at 0900BST; ECB`s de Guindos speaks at 1330BST.
- Latest futures prices:
* Jun Bund futures (RX) down 1 ticks at 165.72 (L: 165.62 / H: 165.8)
* Jun BTP futures (IK) down 34 ticks at 129.5 (L: 129.43 / H: 129.87)
* Jun OAT futures (OA) down 13 ticks at 162.14 (L: 162.08 / H: 162.25)
* Jun Gilt futures (G) down 9 ticks at 127.36 (L: 127.3 / H: 127.47)
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.