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Policy
Policy
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Global Macro
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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 AccessMNI: PBOC Net Injects CNY90.3 Bln via OMO Tuesday
EUR Market Wrap
- Bunds are flat – DM team flagged that regional news flow has been light, with the continued pullback in oil futures providing modest support to core FI. Eurozone final July CPI confirmed flash estimates, while German PPI was also in line with consensus earlier today. Canadian CPI may provide some spillover potential this afternoon.
- Main/XO are +1bp/+3.5bp at 54bp/294bp while €IG/€HY look flat. Primary is open with deals from BMW (3/6/10yr SUN), BNP (10NC5 T2), Erste (8NC7 SP), Mizuho (6NC5/10yr SUN), Merck (30NC5.5 Hybrid), Handelsbanken (7yr SNP) and a EUR 500mn 10y mandate from UPM-Kymmene. Curve movers today include Heimstaden (up to 12bp tighter), Tapestry (up to 5bp tighter), Alimentation Couche-Tard (up to 6bp tighter).
- SXXP is flat while SPX futures are flat too. €IG movers include H Lundbeck +4%, Norstar +4%, BT -7%, Aker BP -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.