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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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Free AccessMNI EUROPEAN MARKETS ANALYSIS: China Equities Lower Post CEWC
MNI EUROPEAN OPEN: Sharp Fall In China Bond Yields Continues
Gilts have seen a little bit more 2-way.......>
GILTS: Gilts have seen a little bit more 2-way flow compared to Bunds and US
Treasuries, however are currently trading close to session lows, as tension in
Italian politics eases and German regional flash inflation surprises to the
upside. Curve is currently pivoting around the 10-yr point.
- 2-yr Gilt yield is +0.4bp at 0.632%, 5-yr +0.7bp at 0.966%, 10-yr +1.9bp at
1.25%, 30-yr +1.1bp at 1.719% & 50-yr +0.6bp at 1.531% according to Tradeweb.
- Sep Gilt future opened higher, but immediately dropped lower, weighed by fall
in German Bunds and US Treasuries as markets digested latest political
developments in Italy and pared recent flight-to-quality bid. Higher thane
expected rise in German regional flash inflation, better retail sales data and
fall in German unemployment rate all added downward pressure.
- Gilts recovered though on sudden buying interest on lack of clarity from
Italy, before sliding lower once more as BTPs gained extra bid on news that
Italy was looking likely to go the polls once again.
- Short sterling strip is steady to lower, curve steeper as green and reds fall
2 to 3 ticks. While breakevens are circa 1bp wider.
To read the full story
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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.