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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.
BASIC INDUSTRIES
- Industrial spreads mostly held in relatively well this week (data below to yesterday’s close).
- Cash priced names like Rolls-Royce and Berry Global failed to keep up with the move in rates leaving spreads wider.
- Alstom was moved to Outlook Stable by Moody’s as expected following execution of its rights issue.
- Covestro outperformed a little following reports of firmer interest from Adnoc.
- News of an FAA probe should have limited impact on Airbus for now.
- On the supply front Heidelberg Materials priced close to FV and K+S priced through our FV.
- In HY land Webuild priced around 25bp cheap in a well timed deal.
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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