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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: Mixed Start On Busy Supply Day
EGB and Gilt futures are broadly flat early Tuesday, though BTPs have continued to underperform since Monday's 10-Yr syndication announcement. With little key data on the docket, supply is the focus.
- Syndication for new Dec-31 BTP is underway (we're looking for lower end of E10-14bln in size).
- In auctions, the Netherlands sells up to E2.5bln of DSL, Austria E1.4bln of RAGB, Germany E4bln of Bund, and the UK GBP4.25bln of Gilt.
- German ind production disappointed in April (as with factory orders data yesterday - but at least in that case Mar saw upward and not downward revisions).
- We also get Italy retail sales (0900BST), and German ZEW / final Eurozone Q1 GDP (1000BST).
Latest levels:
- Sep Bund futures (RX) up 1 ticks at 171.76 (L: 171.7 / H: 171.93)
- Sep Gilt futures (G) up 1 ticks at 127.17 (L: 127.13 / H: 127.25)
- Sep BTP futures (IK) down 2 ticks at 150.22 (L: 150.21 / H: 150.38)
- Italy / German 10-Yr spread 0.7bps wider at 111.9bps
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.