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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.
FINANCIALS
- Intrum’s EUR spreads are all streaming higher on the day with their 2027s EUR 2.40 richer at EUR 63.79. WoW that particular line has rallied by EUR 5.52 as their curve reverses the recent sell-off, particularly at the long-end.
- Intrum’s 5Y CDS mids have tightened by over 130bps today to 1740bps from a peak of 1970 on 31 Feb.
- There hasn’t been much in the way of issuer-level news since their announced EUR 69mn bond buyback though the impact on liquidity from such a small operation is quite limited.
- We do note some leadership changes with a new Intrum Italy CEO and a new Group CFO.
- Below shows the spread between Intrum’s EUR 27s and BBG’s €HY Index.
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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