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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.
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Free AccessEUR Market Wrap
- 2y/10y bunds are flat/-3bp – our DM team flagged that the focus today is on US data and speakers after softer than expected Italian IP data prompted a brief uptick in BTP futures on release, but gains have since been pared. ECB accounts at 12:30 not likely a market mover.
- Main/XO are -0.1bp/-4.5bp having opened tighter and remaining near intraday lows. FICM shows €IG/€HY at +0.5bp; we see the market broadly flat against govies with pretty even performance across sectors. Primary closed. Low vol day for corps; main move to flag is Lufthansa (up to 6bps wider on mandate announcement).
- SXXP is +1% with all sectors in the green but aside from Media/Chemicals/Autos. €IG movers include CPI Property =8%, Tauron Polska +6%, Nissan -4%.
To read the full story
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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.