Free Trial
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.
CONSUMER STAPLES
- ELOFR lines are settling -3 tighter to +9 wider - far from its worst +30bps levels earlier today.
- No coupon-step up's on rating changes - the SLB 29's do have step-up's against its sus. targets though.
- Again comp. space is sparse but vs. broader retailers including Coty & VFC it does trade wide on the long-end - may have brought buyers in this morning.
- 5yr CDS wasn't a huge mover either - mids on our side still at 206bps leaving basis against the 29's at -88 & against the 28's at -49bps - not a new trend - its traded at deeply negative basis since both lines were issued.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok