Free Trial
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.
EGBS
J.P.Morgan note that their “bias is to trade duration tactically from the long side over the near-term as we expect intermediate German yields to stay range-bound (5-10Y in 2.30-2.60% range) until the confidence around the disinflation process builds up with the passage of time.”
- They go on to write “with 5-10Y Germany yields near the upper-end of our expected 2.30-2.60% range, we find the risk-reward attractive to enter tactical long duration exposure via Bobls”
- They also recommend receiving 1Yx1Y €STR “with some pull back in PMIs and national inflation data prints broadly in line with our projections, our baseline view of a September ECB rate cut remains on track.”
Fig. 1: German 5- & 10-Year Yields (%), Horizontal Line’s Denote J.P.Morgan’s Expected Tactical Trading Range
Source: MNI - Market News/Bloomberg
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok