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Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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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 -
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Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
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Credit
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Data
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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.
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About Us
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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-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: Japan Q3 GDP Revised Up On Net Exports, Capex
MNI ASIA OPEN: Nov Job Gains, Fed Blackout, CPI/PPI Ahead
MNI UST Issuance Deep Dive: Dec 2024
MNI US Employment Insight: Soft Enough To Keep Fed Cutting
EUR Market Wrap
- 2y/10y bunds ended Friday +2bp/flat after yields moved higher in the afternoon against slow headline flow as markets continued to digest Israel-Iran developments before moving off intraday cheapest levels into the close as the BoE’s Ramsden came across a touch dovish and ECB’s Vujcic displayed caution, not yet explicitly aligning with the June cut consensus.
- Main/XO closed -1.5bp/-6.5bp bringing WoW moves to +5/+28bp (vs. +4bp/+22bp WoW for CDX IG/HY). €IG/€HY were flat/-1.6bp to end the week +3bp/+17bp with short-dated spreads outperforming by ~2bp on the week while Energy outperformed at +1bp and Cap Goods underperformed at +4bp.
- SXXP ended flat with Food & Bev outperforming at +1.3% while underperformed at -1.8%. WoW the index was -1.2% while SPX was -3%. Notable €IG WoW movers were Int Distrbution Services +21%, Sartorious -17%, Adidas +15%, Prologis -13%, DS Smith -13%, Worldline -12%, Netflix -11%, EQT AB -11%, Sandoz Group +10% and Naturgy +10%.
- Asian equities are broadly higher though CSI 300 is lagging/flat while the Hang Seng is +2% after the measures announced by the CSRC to boost Hong Kong competitiveness, while investors are breathing a sign of relief after seeing no Middle East escalation. Stoxx 50 futures are +0.3%. Up today we have:
GMT/Local | Impact | Country | Event |
1000/1100 | ** | UK | CBI Industrial Trends |
1230/0830 | * | CA | Industrial Product and Raw Material Price Index |
1400/1600 | ** | EU | Consumer Confidence Indicator (p) |
1430/1030 | CA | BOC market participants survey | |
1530/1730 | EU | ECB's Lagarde Lecture at Yale | |
1530/1130 | * | US | US Treasury Auction Result for 13 Week Bill |
1530/1130 | * | US | US Treasury Auction Result for 26 Week Bill |
2300/0900 | *** | AU | Judo Bank Flash Australia PMI |
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.