Free Trial

Heading South


Trades Through Key Short-term Resistance


Compelling Case for 50Bp Hikes


BLOCK, 5Y Sale

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 Access

EGBS/JGBS: Morgan Stanley..........>

US TSYS/RESEARCH: EGBS/JGBS: Morgan Stanley analysts led by Matthew Hornbach and
Guneet Dhingra said that "central bankers" will "set the tone" this week as
"investors return from summer holidays to face a flurry of central bankers over
the next 3 weeks." (Monday is a US bond market holiday.) 
- They add the "ECB and BoE lead off, and the Fed and BoJ clean up. Bond markets
are set up for cautiously hawkish rhetoric. Whether the emphasis lies on
'cautious' or 'hawkish' will set the tone into year-end."
- They suggest on US duration and curves that "we continue to suggest investors
position long UST 5y notes on the 2s/5s/30s 50:50 butterfly. In the euro area,
we no longer suggest Jun-18 Eonia longs, and instead suggest short 1y1y Eonia to
position for the repricing of a higher probability of removal of negative depo
rates in the next two years."

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.