-
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 US Macro Weekly: Politics To The Fore
MNI Credit Weekly: Le Vendredi Noir
EUR Market Wrap
- 2y/10y bunds ended +4bp/+2.5bp with yields finishing just off intraday cheapest levels as the details of the US CPI report were digested while we also saw an unwind of ECB cut pricing with 93bps of cuts priced through '24 vs over 100bps at the start of the week.
- Main/XO ended -1bp/-2bp bringing WoW moves to -3bp/-9bp while €IG/€HY cash closed -3bp/-7bp. Within €IG, short-dated spreads outperformed (1-3yr spreads -3.1bp, +10yr spreads -1.3bp) while Energy and Sr Banks outperformed at -2.5bps and -5bp respectively.
- SXXP ended +1% with Autos and Banks underperforming with gains of over 2% and Utilities and Real Estate underperforming with losses of 1.3%, Notable movers included Porsche (+11% on strong earnings and a doubling of the dividend), BKW (+10% on strong guidance) and International Distributions Services (-6%, now -21% since Jan high).
- Asian equities are mixed with the CSI 300 -0.6% and the Nikkei -0.3% after a round of wage-hike deals including from the likes of Toyota. Stoxx 50 futures are flat. Up today we have:
GMT/Local | Impact | Country | Event |
0700/0700 | ** | UK | UK Monthly GDP |
0700/0700 | ** | UK | Trade Balance |
0700/0700 | ** | UK | Index of Services |
0700/0700 | *** | UK | Index of Production |
0700/0700 | ** | UK | Output in the Construction Industry |
1000/1100 | ** | EU | Industrial Production |
1100/0700 | ** | US | MBA Weekly Applications Index |
1145/1245 | EU | ECB's Cipollone at conference in Milan | |
- | *** | CN | Money Supply |
- | *** | CN | New Loans |
- | *** | CN | Social Financing |
1230/0830 | * | CA | Household debt-to-income |
1400/1000 | * | US | Services Revenues |
1430/1030 | ** | US | DOE Weekly Crude Oil Stocks |
1700/1300 | *** | US | US Treasury Auction Result for 30 Year Bond |
Ticker | Issuer | Sector | Curncy | Amt Issued | Original Tenor | Spread Tightening (at syndication) | Spread Against | Launch Spread |
EIKBOL 2 7/8 03/19/29 | EIKA BOLIGKREDITT AS | Financial | EUR | 500000000 | 5.0 | 9 | MS | 28 |
BACRED 3 7/8 07/04/30 | MEDIOBANCA DI CRED FIN | Financial | EUR | 500000000 | 6.3 | 32.5 | MS | 130 |
HTHROW 6 5/8 03/01/31 | HEATHROW FINANCE PLC | Industrial | GBP | 400000000 | 6.9 | B | 282 | |
AALLN 3 3/4 06/15/29 | ANGLO AMERICAN CAPITAL | Basic Materials | EUR | 500000000 | 5.3 | 27 | MS | 118 |
AALLN 4 1/8 03/15/32 | ANGLO AMERICAN CAPITAL | Basic Materials | EUR | 750000000 | 8.0 | 32.5 | MS | 155 |
SNCF 3 1/8 05/25/34 | SOCIETE NATIONALE SNCF S | Industrial | EUR | 1000000000 | 10.2 | 4 | B | 39 |
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.