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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.
TRANSPORTATION
€750m 6Y/30s Final is MS+135 vs. FV of +125 (10bp NIC) & vs. IPT of +170 (-35 in)
- Double digit NIC breaks a nearly 1-month drought for us in Consumer & Transport. Books >€3.1b is neither strong nor weak.
- EasyJet priced its now 10m longer 31s/7Y in mid March at +125 with no NIC. Trades at +120 now - no signs of pressure on it today from investors eyeing the 15bp spread pickup.
- Lufty secondary is +2-3 wider - similar to Friday moves. Widening is insignificant vs. recent vol/moves.
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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