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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.
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
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Commodities
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Credit
Credit
Real time insight of credit markets
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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.
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
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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 To Be Slightly Revised Down
EUR Market Wrap
- 2y/10y bunds closed -3bp/-5bp after tightening at the open on the RNZB decision and catching up with USTs. Modestly hawkish comments from the BOE’s Pill failed to impact much with 40bps of ECB cuts still priced through the remainder of ’24 and 19bps of easing priced through the September meeting.
- Main/XO ended -1bp/-4bp at 53bp/290bp while €IG/€HY was +1bp/+3bp – all IG sectors wider and Energy continuing to underperform though is joined by Utilities in the wider MoM space (+1.2bp and +0.4bp MoM respectively vs. -2bp for €IG).
- SXXP closed +0.9% while SPX was +1%. Notable €IG movers included Aroundtown +7%, Albemarle +7%, Cemex SAB-CPO +7%, Air Lease Corp -4%.
- SX5E futures are +0.2% while SPX futures are flat. Later the Fed’s Bostic and Musalem speak. The focus will be on US June CPI though, which is expected to show a moderation in headline to 3.1% but with core holding at 3.4% (https://roar-assets-auto.rbl.ms/files/65159/USCPIP...). There are also US real June earnings and jobless claims, plus UK May GDP, trade and IP.
GMT/Local | Impact | Country | Event |
0600/0700 | ** | UK | UK Monthly GDP |
0600/0700 | ** | UK | Trade Balance |
0600/0700 | ** | UK | Index of Services |
0600/0700 | *** | UK | Index of Production |
0600/0700 | ** | UK | Output in the Construction Industry |
0600/0800 | *** | DE | HICP (f) |
0900/1000 | ** | UK | Gilt Outright Auction Result |
1230/0830 | *** | US | Jobless Claims |
1230/0830 | ** | US | WASDE Weekly Import/Export |
1230/0830 | *** | US | CPI |
1430/1030 | ** | US | Natural Gas Stocks |
1515/1115 | US | Atlanta Fed's Raphael Bostic | |
1530/1130 | ** | US | US Bill 04 Week Treasury Auction Result |
1530/1130 | * | US | US Bill 08 Week Treasury Auction Result |
1700/1300 | US | St. Louis Fed's Alberto Musalem | |
1700/1300 | *** | US | US Treasury Auction Result for 30 Year Bond |
1800/1400 | ** | US | Treasury Budget |
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.