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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.
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Free AccessProtests in France have started to......>
EGB SUMMARY: Protests in France have started to spill into the markets with OAT
yields rising as the French Central Bank cut Q4 GDP forecasts this morning.
- The OAT/Bund 10-yr spread has widened 2bps to 45.9bps, highest since May 2017.
- Elsewhere in Europe it's been a fairly quiet morning, main source of newsflow
has been UK PM May reportedly pulling Tuesday`s Brexit withdrawal vote.
- The Mar-19 Bund future is down 7 ticks at 163.10, having traded in a range of
162.98-163.34 today.
- The short end of the Bund cash curve has underperformed with the 2-yr and 5-yr
yields both up 2.5bps at -0.574% and -0.279% respectively. The 10-yr yield is up
0.9bps at 0.268%, whilst the 30-yr yield has fallen 1bps to 0.872%.
- The Mar-19 BTP future is up 33 ticks at 123.76 with confirmation that Italian
PM Conte will meet with EU`s Juncker to discuss the budget on Wednesday.
- The 2-Yr BTP yield is down 4.1bps at 0.695%, 5-Yr is down 4.3bps at 2.176%,
10-Yr is down 3bps at 3.102%, and 30-Yr is down 2.6bps at 3.703%.
- The Portuguese PGB/Bund 10-yr spread has also widened, 1.8bps to 153.1bps.
To read the full story
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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.