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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
Periphery EGB spreads look to be ending the week on a sour note: BTP spreads widening pretty sharply today, with 10Y out 8.5bp vs Bunds - through 200bp but still off the 206bp May high. 17+bp wider in Greek spreads as well.
- Not quite true on an intraday basis, but bigger picture, correlations with ECB hiking expectations remain intact. The risk-on/risk-off correlation with stocks has been pretty limited overall over the past week or so though - and the sharp retracement in equities this afternoon hasn't really had any impact on BTP spreads.
10Y BTP Spread, End-2022 ECB Rate Hike Pricing, And Eurostoxx Future (Inverted)Source: BBG, MNI
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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