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Free AccessSpreads To Bunds Tighten A Little Alongside U.S. Data-Driven Equity Rally
EGB spreads to Bunds tighten a little in the wake of the U.S. data and related move higher in equities, as the risk-positive nature of the releases marginally outweighs the impact of hawkish repricing in core global STIR markets.
- Still, spread moves remain contained with some light outperformance for BTPs and OATs amongst the major spreads we monitor.
- Those differentials vs. Bunds move further below 140bp and 75bp, respectively.
- EUR 3M/10Y vol. edges lower, but doesn’t breach yesterday’s base, operating around the middle of the range in play since the July 23 low was registered.
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.