Free Trial

W/C 7 November, 2022


(Z2) Finds Support


Support At The 50-Day EMA Remains Exposed


(Z2) Outlook Remains Bullish


Clears First Resistance


UK Timeline of Key Events (Times GMT)

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
EGB SUMMARY: EGBs started slow but momentum began to build. The first move was
seen in the 7Y+ sector of the Italian curve and indeed, the Italian market has
been well bid all morning. The 10Y Bund-BTP spread is at its narrowest for a
year at 140bp, a 5bp move today.
- The limited supply on offer today was easily digested. Austrian nominals,
German and UK linkers and the last EFSF syndication of the year demonstrated an
elevated level of demand out there. Bunds leapt higher as these good
auction/syndication results filtered through. The RXZ7 contract surpassed
yesterday's high and topped out at 163.28. 
- German debt is also outperforming the swap curve quite smartly today, with the
RX invoice spread 0.8bp wider at 50.1bp.
- Data has been limited: Eurozone Sep retail sales were slightly firmer than
expected but this release is not considered to be a reliable monthly indicator.
That said, the trend in retail sales has been sharply higher since 2014. 
- On Bloomberg TV, the ECB's Lautenschaeger said the "I'm very confident that
the inflation rate will pick up". 

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.