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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 ESTATE
• Now that the dust has settled post Hindenburg, we revisit EQIX RV.
• When EQIX launched their € deal last week we highlighted the € curve trades tight compared to the $ curve. We were cautious on EQIX new issue guidance close to the secondary € curve.
• While narrower, the spread between € EQIX 33 and DLR 32 is still ~40bp.
• On the other hand, in $ EQIX trades wide to DLR.
• Even if the Hindenburg piece lacked a smoking gun, we are surprised fresh eyes on the credit hasn’t seen the € curve reprice more in line with DLR.
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.
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