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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 AccessEGBs-GILTS: Gains Fade Fast
Another choppy start to London trade, with Gilt futures dropping 16 points from the open, as global bonds head lower amid bear steepening in Bunds.
- This has been the mirror image of equity futures which have in the past hour erased overnight losses to trade higher for the most part.
- Focus on Brexit yet again, Barnier noting "hard nuts to crack" in "few hours left" for a deal.
- UK Nov retail sales beat expectations; German IFO up at 0900GMT
Latest levels:
- Mar Bund futures (RX) down 25 ticks at 177.44 (L: 177.42 / H: 177.85)
- Mar Gilt futures (G) down 7 ticks at 134.56 (L: 134.53 / H: 134.82)
- Mar BTP futures (IK) down 24 ticks at 151.84 (L: 151.76 / H: 152.18)
- Italy / German 10-Yr spread 0.8bps wider at 111.8bps
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.