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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 AccessHeavy supply is the early focus
- A steady start for Bund, after the German final CPI came inline with expectations, and contract trades circa flat post cash open, early focus will be on supply.
- Bund printed a 134.66 low yesterday, the lowest print since mid March following more Hawkish comment from ECB Holzmann yesterday, calling for another 50bps hike in May, although nothing surprising there from one of the most hawkish member, but also a non voter at the next 2 meetings.
- Investor are also keeping a close eye on the Tnotes/Bund spread and the 100.00bps mark.
- SUPPLY: Early focus will be on Supply, with Spain 3s, 10s, 20s, Italy 2026 (equates to 41k Short 2yr BTP) should weigh, 2030 2037, 2044 (equates combined to 46.6k BTP) should weigh, UK 2023 (Equates to 25.6k Gilt) should weigh, and US sells $18bn 30yr reopening.
- In terms of data, Italy/EU IPs, Portugal final CPI, US PPI are the notable releases.
- SPEAKERS: ECB Nagel (x2), BoE Pill.
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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.