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Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: - G10 MarketsG10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts - Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- CommoditiesCommodities
Real-time insight of oil & gas markets
- CreditCredit
Real time insight of credit markets
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- MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
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Free AccessEGBs started slow but momentum began....>
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".
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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.