-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
MNI Research
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
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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessGlobal risk-off sentiment is sending....>
EGB SUMMARY: Global risk-off sentiment is sending periphery EGBs weaker, with
Italian spreads blowing out amid a rally in Bunds.
- Seeing extreme weakness and volatility in BTPs, with the curve bear steepening
massively in a move reminiscent of the political crisis a few months ago. 2-Yr
yields up 16bps at 0.929%, with 10s out 9.4bps at 2.883%.
- No trigger seen though headlines Italy's Poste Italiane solvency ratio dropped
sharply with the company citing volatility in BTPs may have contributed.
- Market sources reported large bids in German Schatz futures around the time
the BTP selloff was underway. Curve bull flattening out to 10-Yr, with 2-Yr
Schatz yields down 1.1bps at -0.563%, 5-Yr Bobl yields down 2.3bps at -0.123%
and 10-Yrs down 2.7bps at 0.451%.
- Italy the clear underperformer across EGBs, with 10-Yr out 11.2bps vs Bunds,
compared with Spain out 2.3bps, Portugal 3.5bps and Greece 8.3bps.
- Euribor futures strip seeing a modest rally at the long end, Greens up 1.5-2.0
ticks and Blues up 2.5-3.0 ticks.
- Bank of England decision at midday BST has potential to add to volatility.
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.