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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 EUROPEAN MARKETS ANALYSIS: China Equities Lower Post CEWC
MNI EUROPEAN OPEN: Sharp Fall In China Bond Yields Continues
German FI little changed heading into..........>
EGBS: German FI little changed heading into Europe; Schatz +1.5, Bobls +3.0,
Bunds +2.
- This comes after Bunds were well bid on Tuesday.
- BTP/Bund spread compression came to the fore by the close yesterday, with BTPs
driven by hopes of a workable PD/M5S coalition being formed by the end of play
today (the deadline set by President Mattarella), although local press reports
point to some lingering stumbling blocks.
- Comments from ECB's de Guindos also added to the demand for EGBs, although
whether or not he covered any fresh ground is questionable, as he pointed to low
rates for a long time and the need for data-dependence at the ECB, as opposed to
being driven by market expectations.
- Greek paper narrowed vs. Germany on the back of the announcement re: the
removal of the final round of capital controls.
- The Italian political situation will be at the fore in front of the
aforementioned deadline, with German 10-Year supply and 2022 paper from the EFSF
on the issuance docket.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.