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Policy
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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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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessEUR Market Wrap
- 2y/10y bunds are +3bp/+5bp after the Regional German CPI prints earlier where MNI’s calculations correctly indicated a broadly in line annual German print.
- Main/XO are +1bp/+5bp while FICM shows €IG/€HY at roughly +0.4bp/+0.6bp though we see moves closer to -0.5bp/flat against govies. Primary slightly busier with Fins deals from BBVA, Raiffeisenbank, Jyske and Corps deals from Medtronic, LVMH, ISS Global.
- IG movers include Thames (up to 20bps tighter), Balder (4-7bps tighter, issued in SEK yesterday), CPI Property (up to 9bps tighter), VF Corp (up to 5bps wider).
- SXXP is -0.7% with Energy the only sector in the green. Notable €IG movers include International Distribution Services +4%, Norstar Holdings +4%, Mobico -6%, Worldline -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.