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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 AccessEurozone bonds have traded without......>
EGB SUMMARY: Eurozone bonds have traded without decisive direction early
Wednesday, with core instruments a little stronger and peripheries steady.
- Not the greatest Bund auction this morning, with 1.4x real cover (vs 1.6x last
time); RX sold off through the results, hitting day`s low.
- Still, short end of German curve is weakest, with 2-Yr yield up 0.6bps, vs 5s
through 30-yr down 0.2-0.5bps.
- Periphery EGBs trading mixed ahead of EU elections beginning Thursday: Italy,
Spain, Portugal 0.4bps wider of 10-Yr Bunds, while Greece 0.3bps tighter.
- Italy's Di Maio said Rome would seek a top economic post in the new
Commission. Salvini said he wants to remove `all limits` from the EU on growth.
- Portugal exchanged E742mln 3.85% Apr-21 PGB for 2.875% Jul-26 PGB.
- Nothing market-moving out of either ECB`s Draghi or Praet appearances earlier.
- Latest futures prices:
* Jun Bund futures (RX) up 6 ticks at 166.55 (L: 166.44 / H: 166.72)
* Jun BTP futures (IK) up 2 ticks at 130.05 (L: 129.98 / H: 130.24)
* Jun OAT futures (OA) up 8 ticks at 162.76 (L: 162.67 / H: 162.87)
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.