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Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: - G10 MarketsG10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts - Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
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Real-time insight of oil & gas markets
- CreditCredit
Real time insight of credit markets
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Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
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Free AccessFrance taps 4 OATs...........>
FRANCE AUCTION PREVIEW: France taps 4 OATs Thursday for E8-9.0bln indicative
size. On offer are the new 0.75% Nov-28 OAT and taps of the 5.50% Apr-29 OAT,
1.5% May-31 and 1.25% May-36.
- BACKGROUND: There are no coupon flows to help.
- RV: On the back of speculation that the ECB may be inching closer to ending
its asset purchase programme, sovereign bond yields across the euro bloc have
pushed higher. The current 10-year benchmark May-28 OAT has sold off sharply
with the yield rising to 0.804% on June 6 from 0.709% at the beginning of the
month. Similarly the 5.5% Apr-29 OAT yield has surged to 0.814%, unwinding much
of the rally since mid-May. At the longer end, the yield on the 1.25% May-36 is
up 9bps to 1.334% since the beginning of June. The curve has steepened slightly
with the 5s20s spread now trading at 133bps from a low of 119bps on March 27,
while the spread of the benchmark 10-year OAT over the comparable bund has
widened to 34bps from a multiyear low of 20.97bps on Apr 23.
- RESULTS: Auction results are expected at around 0855GMT
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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.