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Policy
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G10 Markets
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Global Macro
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Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
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About Us
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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.
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 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: Short End Slightly Underperforming
Limited moves along the cash curves to start Tuesday, with the short-end slightly underperforming in Germany (Schatz yields higher) and the UK curves. Periphery spreads are marginally tighter.
- A bit of early flattening has been reversed (German 5s30s within a whisker of a fresh 6-month low).
- Little thematically in terms of risk appetite: equities are trading largely higher (FTSE futures a notable exception; Stoxx600 hitting an all-time high), with the EUR and GBP losing a bit of ground vs the USD.
- A quiet schedule lies ahead. No ECB / BOE speakers; German ZEW the data highlight at 1000BST.
- In bond supply, the UK sells GBP2.75bln of Jul-31 Gilt (MNI expects another successful auction of the benchmark 10-Yr: see our 0724BST auction preview).
Latest levels:
- Sep Bund futures (RX) up 14 ticks at 176.66 (L: 176.55 / H: 176.77)
- Sep Gilt futures (G) up 5 ticks at 129.62 (L: 129.59 / H: 129.73)
- Sep BTP futures (IK) up 15 ticks at 155.23 (L: 155.11 / H: 155.28)
- Italy / German 10-Yr spread 0.3bps tighter at 100.9bps
To read the full story
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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.