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- 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
- CreditCredit
Real time insight of credit 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
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Free AccessSeveral EGBs dropped to record-low......>
EGB SUMMARY: Several EGBs dropped to record-low yields Wednesday as ECB Pres
Draghi appeared to open the door to near-term easing.
- While bonds are off best levels, core EGBs are in record negative yielding
territory, with 10-Yr Bunds hitting -0.325%. German belly outperforming: 2-Yr
yield down 6.8bps at -0.757%, 5-Yr down 7.9bps at -0.68%, 10-Yr down 7.1bps at
-0.315%, 30-Yr down 6.9bps at 0.275%.
- 10-Yr French OATs and Austrian RAGBs touched negative yields for the first
time in their history. 10-Yr BTP spread/Bunds fell 18bps at one point.
- Some of the substantial gains from Draghi's comments on potential stimulus if
outlook doesn't improve were mitigated by comments around 1330UK by ex-ECB Chief
Econ Praet warning `shouldn`t exaggerate today`s market reaction`.
- Also news of a call between US and China Presidents restored risk appetite.
- Euribor up 6-9 ticks. Latest EGB futures prices:
* Sep Bund futures (RX) up 112 ticks at 172.68 (L: 171.51 / H: 172.84)
* Sep BTP futures (IK) up 210 ticks at 134.25 (L: 132.1 / H: 134.72)
* Sep OAT futures (OA) up 132 ticks at 164.68 (L: 163.42 / H: 164.87)
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.