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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 US CPI Preview: Setting The Tone For 2025
MNI ASIA MARKETS OPEN: NY Fed Inflation Expectations Gaining
MNI ASIA MARKETS ANALYSIS: Tsy Ylds Drift Higher Ahead CPI/PPI
France on Thursday sells.....>
FRANCE AUCTION PREVIEW: France on Thursday sells both nominal and linker OATs.
- HISTORY: On Thursday morning, AFT sells between E7.5-9.0bln combined of 0.00%
Feb-22 OAT (last sold May 16th: -0.52% yld, 3.56x cover), 0.00% Mar-23 OAT (last
sold Nov 2018), and 0.00% Mar-25 OAT (May 16th: -0.19% yld, 2.10x cover).
- An hour later, AFT sells between E0.75-1.25bln of linkers: 0.25% Jul-24 OATei
(last sold Jan 24th), 0.70% Jul-30 OATei (last sold Nov 2018), and 0.10% Jul-47
OATei (Apr 18th: -0.13% yld, 2.74x cover).
- No OATi linkers will be sold this month.
- BACKGROUND/RV: European yields collapsed following ECB Pres Draghi's dovish
comments on Tuesday which included suggestions that the 33% issuer limit could
be raised. French linker real yields fell and breakeven implied inflation moved
sharply higher post-Draghi comments, with the 2030 real yield hit an all-time
low of -0.839%, with breakevens rising from 85bps to 95bps as nominal yields
fell.
- TIMING: OAT results are due around 0950BST, linker results an hour later.
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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.