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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.
BONDS
- Small unwind in Bund so far this morning after we tested highest levels since March Yesterday.
- Nonetheless, volumes are on the low side and we are still in a 21 ticks range, which for the contract is fairly limited (174.65-174.86).
- Support in Bund will be seen at yesterday's low 174.45.
- Similar price action in Gilts, with the contract at session low, albeit in a 26 ticks range (128.79-129.05).
- Gilt support comes at Wednesday's low 128.54.
- Gilt/Bund spread is 0.3bp tighter, but we are still trading at widest levels since the 10th June.
- Further widening will target 100.0702.
Chart source: Bloomberg
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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