- PolicyPolicy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: - G10 MarketsG10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts - Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- CommoditiesCommodities
Real-time insight of oil & gas markets
- Data
- MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMoving higher as risk-off themes continue
Core fixed income has moved higher again in response to risk-off themes - a combination of Chinese concerns surrounding Covid-19 , a disappointing ZEW survey and continued USD appreciation (with the focus in FX-land very much on EURUSD being very close to breaking parity). Again we have seen UST and gilt curves flatten but the German curve steepen.
- Today there is not much on the calendar in terms of data, but there are a couple of important speeches due later, particularly from the Fed's Barkin and BOE's Bailey (see a preview of the latter's speech here).
- UK politics will continue to make headlines today, with the deadline to enter the race to be next Tory leader (and PM) due to close today at 18:00BST. Sunak (current favourite in betting markets) is also due to set out more of his policies today.
- The market also already has one eye on tomorrow's US CPI data.
- TY1 futures are up 0-20+ today at 119-00+ with 10y UST yields down -7.2bp at 2.923% and 2y yields down -8.0bp at 2.995%.
- Bund futures are up 1.67 today at 153.07 with 10y Bund yields down -12.8bp at 1.114% and Schatz yields down -9.7bp at 0.329%.
- Gilt futures are up 1.08 today at 116.14 with 10y yields down -12.0bp at 2.056% and 2y yields down -14.5bp at 1.717%.
To read the full story
Sign up now for free access to this content.
Please enter your details below and select your areas of interest.
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.