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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI ASIA MARKETS ANALYSIS:Waiting For Next Inflation Shoe Drop
Key Inter-Meeting Fed Speak – Dec 2024
US TREASURY AUCTION CALENDAR: Avg 3Y Sale
Raiffeisen Streaming Wider On US Official Visit News
Raiffeisen (RBI AV) equity and cash curve being hit this morning on story about US sanctions official visiting the bank.
- An acting assistant secretary at the US Treasury Department (Anna Morris) reportedly visited the bank (amongst others) last week (6-Mar memo from the US embassy in Vienna states) to discuss the bank’s subsidiary in Russia.
- RBI is a relatively high-risk issuer and trades well above the Baa2 curve, largely due to exposures in Russia and Belarus. Whilst OFAC (amongst others) is currently investigating the bank, it does have tentative agreement to swap its Russian business for a stake in Strabag (Austrian construction, announced 20-Dec-23) alongside news last month (14-Feb) of a deal to sell its Belarusian business.
- The bank has indicated to BBG that the meeting was a relatively normal part of ongoing discussions with the US. RBI’s curve has tightened over the last month but is streaming wider this morning on this news.
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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.