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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 AccessFirmer Following A Smaller Issuance Slate vs Last Few Days; US CPI Eyed
Core/semi-core EGBs have firmed through the European morning as markets await today's US CPI release at 1330 GMT / 1430 CET.
- Thursday's sovereign/IG issuance slate is substantially smaller than the past few sessions, which has which has helped relieve pressure on the space.
- Additionally, today's Irish 10Y syndication has shown strong demand indications, following on from similar dynamics in Italy and Spain's recent syndications.
- Bunds are currently up 36 ticks at 135.52 but remain within yesterday's range. German and French cash curves have bull flattened.
- Peripheries are once again tighter to Bunds, with the 10Y BTP/Bund spread now below 160bps for the first time since before Christmas. Short-end BTP gains were capped in the lead-up to this morning's new 3Y BTP supply.
- Aside from the aforementioned US CPI release, European markets look to ECB-speak from President Lagarde and the usually hawkish Vujcic (the latter will speak at an MNI event at 1400 GMT).
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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.