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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.
ECB
BTP spreads fell (10Y -4bp) and the Euro ticked higher vs the dollar just before 1330BST on a Reuters sources report saying the ECB will buy periphery EGB bonds (from Italy, Spain, Portugal and Greece) with proceeds from maturing German, French and Dutch debt that was purchased under PEPP.
- This "rebalancing...to prevent financial fragmentation among euro zone countries" will get underway Friday, per the report, "with an additional scheme due to be unveiled next month".
- Intraday dollar/euro and BTP / Bund 10Y spread chart below:
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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