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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.
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Free AccessMNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday
MNI ASIA MARKETS OPEN: Tsy Curves Reverse Course Ahead Wed CPI
Testing next support, ECB at the forefront
- Bund and the initial support of 131.54 has again held overnight, printed a 131.53 low Yesterday and 131.55 low overnight.
- This support remains, and a break through would target the 2024 high in Yield at 2.512%, equated to 131.09 Yesterday, although the 2024 low in Futures is at 131.23.
- It's a lighter day on the Data front out of Europe, with only the Italian IP, unlikely to move the needle as Desks await on the ECB and Presser.
- Out of the US, sees PPI and IJC.
- SUPPLY: Italy 2027 (equates to 35k Short 2yr BTP), 2031, 2039 (equates combined 46.6k BTP) these should weigh into the bidding deadlines.
- US Sells $22bn of 30yr reopening.
- SPEAKERS: ECB Lagarde, Fed Williams, Barkin, Collins, Bostic, BoE Greene.
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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.