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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 UST Issuance Deep Dive: Dec 2024
MNI US Employment Insight: Soft Enough To Keep Fed Cutting
MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
/EGBs-GILTS: Gilts and Bunds are.......>
BOND SUMMARY: /EGBs-GILTS: Gilts and Bunds are stronger in early trade, with
bull flattening seen in the curves as equities retrace some of Monday's gains.
- Despite the dip in risk appetite, periphery EGB spreads are a little tighter,
with Greece the exception, 1-1.5bps wider.
- Plenty of issuance today: In syndications, Cyprus selling dual-tranche; also
EFSF 5-Yr. In auctions, Austria sells 10s and 30s and Germany sells 10-Yr
linkers. And it's the 2nd day of sales for BTP Futura (incl today, E2.6bln of
orders on the books). And plenty of bills.
- Also UK DMO sells GBP3.75bln of 0.125% Jul-23 and GBP2.25bln of 1.25% Oct-41.
- As with Factory Orders yesterday, German industrial prod for May came in on
the soft side. Italy Retail Sales also due out, not much other data
- BoE's Haldane speaks after market close (1800BST). ** Latest levels:
* Sep Bund futures (RX) up 25 ticks at 176.21 (L: 176 / H: 176.3)
* Sep Gilt futures (G) up 19 ticks at 137.43 (L: 137.33 / H: 137.5)
* Sep BTP futures (IK) up 11 ticks at 144.14 (L: 143.89 / H: 144.35)
* Italy / German 10-Yr spread 0.1bps tighter at 167bps
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.