-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Global Macro Weekly -
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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-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 AccessMNI BRIEF: BOJ Tankan To Show Slipping Sentiment
MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday
EUR Market Wrap
- 2y/10y bunds ended -1/-5bp after taking cues from the dovish UST reaction to the afternoon's US IJC, MNI Chicago PMI and pending home sales were all below consensus.
- Main/XO ended -0.3bp/2.8bp, broadly flat to CDX IG/HY while €IG/€HY cash closed flat/+3bp with pretty broad-based sectoral performance in €IG while 1-3yr spreads the only segment tighter (YTD -25bp vs. -8bp for 10+yr)
- SXXP ended flat with Insurance and Construction & Materials outperforming at >+1% while Food & Bev underperformed at -0.9%. Notable movers included Drax Group PLC +11%, NN Group +8%, Grifols -35% and Aixtron -19% (all reported yesterday).
- China and Hong Kong equities sit marginally higher after China official PMIs were net better than expected. Manufacturing was 49.1, versus 49.0 forecast and 49.2 prior. The services or non-manufacturing PMI was 51.4, well above expectations of 50.7. Stoxx 50 futures +0.5%
- Up today we have:
GMT/Local | Impact | Country | Event |
0730/0830 | ** | CH | Retail Sales |
0815/0915 | ** | ES | IHS Markit Manufacturing PMI (f) |
0845/0945 | ** | IT | S&P Global Manufacturing PMI (f) |
0850/0950 | ** | FR | IHS Markit Manufacturing PMI (f) |
0855/0955 | ** | DE | IHS Markit Manufacturing PMI (f) |
0900/1000 | ** | EU | IHS Markit Manufacturing PMI (f) |
0930/0930 | ** | UK | S&P Global Manufacturing PMI (Final) |
1000/1100 | *** | EU | HICP (p) |
1000/1100 | ** | EU | Unemployment |
1000/1100 | *** | IT | HICP (p) |
- | *** | US | Domestic-Made Vehicle Sales |
1400/1400 | UK | BOE's Pill Speech at Cardiff University | |
1445/0945 | *** | US | IHS Markit Manufacturing Index (final) |
1500/1000 | *** | US | ISM Manufacturing Index |
1500/1000 | ** | US | U. Mich. Survey of Consumers |
1500/1000 | * | US | Construction Spending |
1515/1015 | US | Fed Governor Chris Waller | |
1515/1015 | US | Dallas Fed's Lorie Logan | |
1715/1215 | US | Atlanta Fed's Raphael Bostic | |
1800/1300 | ** | US | Baker Hughes Rig Count Overview - Weekly |
1830/1330 | US | San Francisco Fed's Mary Daly | |
2030/1530 | US | Fed Governor Adriana Kugler |
Ticker | Issuer | Initial Pricing Date | Sector | Curncy | Amt Issued | Original Tenor | Cpn Typ | Spread Tightening (at syndication) | Spread Against | Launch Spread | Cover Ratio (Books) |
EOFP 5 1/8 06/15/29 | FORVIA SE | 29/02/2024 | Consumer, Cyclical | EUR | 500000000 | 5.3 | FIXED | B | 269 | ||
EOFP 5 1/2 06/15/31 | FORVIA SE | 29/02/2024 | Consumer, Cyclical | EUR | 500000000 | 7.3 | FIXED | B | 312 | ||
BPCEGP 4 1/8 03/08/33 | BPCE SA | 29/02/2024 | Financial | EUR | 1250000000 | 9.0 | VARIABLE | 25 | MS | 145 | 1.8 |
ELLEVI 4 1/8 03/07/34 | ELLEVIO AB | 29/02/2024 | Utilities | EUR | 500000000 | 10.0 | FIXED | 25 | MS | 140 | 2.7 |
ENGIFP 3 5/8 03/06/31 | ENGIE SA | 29/02/2024 | Utilities | EUR | 600000000 | 7.0 | FIXED | 27.5 | MS | 100 | 2.3 |
ENGIFP 3 7/8 03/06/36 | ENGIE SA | 29/02/2024 | Utilities | EUR | 800000000 | 12.0 | FIXED | 34.5 | MS | 123 | 3.4 |
ENGIFP 4 1/4 03/06/44 | ENGIE SA | 29/02/2024 | Utilities | EUR | 600000000 | 20.0 | FIXED | 27.5 | MS | 160 | 3.3 |
MELAIR 4 06/07/34 | AUSTRALIA PACIFIC AIRPOR | 29/02/2024 | Industrial | EUR | 650000000 | 10.3 | FIXED | 24.5 | MS | 128 | 2.3 |
MEOGR 4 5/8 03/07/29 | METRO AG | 29/02/2024 | Consumer, Non-cyclical | EUR | 500000000 | 5.0 | FIXED | 5 | MS | 190 | 1.8 |
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.