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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.
BTP
BTP/Bund spreads tick up to a fresh session wide 192.8bp with BTP futures testing session lows on the Bloomberg sources piece suggesting Italy's 2024 fiscal deficit target "may now be as wide as 4.5% because of a weaker economy and the need to keep tax-cut promises to voters".
- That goes further than the Reuters piece sourced Monday that eyed a 4.1-4.3% of GDP target. Both Reuters (last week) and BBG cite sources that the 2023 deficit is seen at 5.5%.
- The coalition gov't is set to present new budget projections tomorrow.
- Note the high close in May for BTP/Bund was 193.2bp, beyond which spreads are at wides not seen since March.
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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