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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.
CREDIT PRE-MARKET
- Bunds closed 1-3bp tighter, touching intraday richest levels around lunchtime as weakness in crude oil futures extended and traded inflation measures softened but though these moved back towards starting levels with little support from softer-than-expected US housing data and stronger-than-expected US inflation expectations. WoW 2y/10y move of +5bp/+2bp.
- Main/XO ended -1.8bp/-7bp at 53.9bp/294bp while €IG was -1.6bp (Corps -1.3bp, Fins -2.1bp) and €HY was -3bp. WoW moves stand at -2.6bps/-4.6bp for €IG Corps/Fins with Energy and Utils the biggest IG corps movers at -4.9bp/-5.5bp. $IG Corps/Fins closed Friday -0.4bp for WoW moves of -6.8bp/-7.2bp.
- SXXP ended +0.3% while SPX was +0.2% for WoW moves of +3.9%/+2.5%. Notable WoW €IG movers included Dell, Sumitomo Mitsui +14%, Mizuho +13%, Toyota +12%, Bayer +12%, Honda +12%, Origin Energy -8%, Kojamo -7%. SX5E/SPX futures are flat.
| Date | GMT/Local | Impact | Country | Event |
| 19/08/2024 | - |  SE | Riksbank Meeting | |
| 19/08/2024 | 2350/0850 | * |  JP | Machinery orders |
| 19/08/2024 | - |  GB | DMO to hold quarterly consultation investors / GEMM consultation | |
| 19/08/2024 | 1315/0915 |  US | Fed Governor Christopher Waller | |
| 19/08/2024 | 1530/1130 | * |  US | US Treasury Auction Result for 26 Week Bill |
| 19/08/2024 | 1530/1130 | * |  US | US Treasury Auction Result for 13 Week Bill |
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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