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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.
CREDIT MACRO
- For the week ending Wednesday flows remained firm across nearly every asset class and currency. That includes firm flows into €IG/HY and $IG/HY.
- Not much to add from more timely $ETF flows outside seeing a large vol in both directions from within individual funds. Bloomberg flagging LQD (largest $IG ETF) saw $745m come in - the largest since early March.
- Primary was effectively closed for us at €1.3b well shy of expectations for ~€6.75b while $IG missed by a small amount at $29.5b (c$35b).
- Expectations for next week move lower; €/£ IG/HY (incl. covered) at ~€3.25b, $IG at $25b.
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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