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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.
EGBS
- EGBs have most recently seen a modest paring of large gains as the pace of the rally slows compared to the hours after the open this morning. Bunds and OATs marginally outperform (10YY -10.5bps) BTPs and Spain (-9bps).
- Still no clear driver for the day's rally that’s been seen across thin markets with US and UK holidays as the US debt deal heads to Congress, but it sees Bund yields of 2.432% off 2.422% having come close to Wednesday’s low of 2.413%.
- Meanwhile at the front end, Schatz yields are down 5.5bps on the day but ECB pricing is little changed from earlier, with a terminal at a depo-equivalent of 3.825% for October (+57.5bp of hikes from here) still down only 3bps on the day.
Germany 10Y yieldSource: Bloomberg
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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