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Why MNI
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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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Free AccessStabilise, BTPs Tighten Post-ECB Review
EGBs have stabilised alongside wider core global FI peers. German yields are 1.5-2.5bp higher on the day.
- The outcome of the ECB’s operational framework review pointed to slightly easier refinancing conditions vs. most expectations. There were no notable hawkish surprises.
- The larger than expected narrowing of the refi/depo rate corridor provided a slightly dovish feel in FI markets as Euribor futures edged away from lows.
- Those moves were modest and have faded a little.
- STIRs were already very relaxed on the funding front ahead of the release.
- The outcome of the review/perceptions around funding matters also allow the early BTP/Bund tightening move to extend a little.
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.