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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.
SCHATZ
The short end is easily outperforming on the German curve, with 2Y Schatz yields dropping 12.5bp to 3.06%, on course for their biggest daily drop since the ECB decision on May 4th. (Recall at that meeting, Bunds rallied on the ECB decision, with the 25bp hike vs some lingering expectations of 50bp, and a lack of firm commitment to further tightening in the statement.)
- With ECB hike pricing falling sharply and US Fed terminal relatively steady, 2Y German yields have now fallen 14bp vs US counterparts since Jul 13 (yield advantage now 162bp in the US's favor, vs 148bp last week).
- Latest German yields: The 2-Yr yield is down 12.5bps at 3.064%, 5-Yr is down 8.9bps at 2.49%, 10-Yr is down 7.4bps at 2.406%, and 30-Yr is down 5.3bps at 2.453%.
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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