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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI ASIA MARKETS ANALYSIS: Treasuries Surge On Bessent And Oil
MNI ASIA OPEN: Israel-Hezbollah Ceasefire Cautiously Reached
- The 10Y Bund yield is trading lower...>
EGB SUMMARY: - The 10Y Bund yield is trading lower 0.5bp at 0.368%, continuing
the rally that began following reports that the ECB was honing in upon a nine
month extension to QE.
- Final EMU headline inflation data came in stable at 1.5% whereas the core
reading weakened a further 6bp relative to August at 1.12%. In other data, from
the Eurozone the German ZEW Economic sentiment (Oct) came in at 17.6 versus a
figure of 17.0 in September. However, this was lower than the MNI forecast level
of 23.0.
- In the peripheral markets, the spread on the Bund-BTP is tighter today and
currently trading at 165.2bp, bouncing from a low of 163.8bp. Sources reported
massive buying in the MTS platform in the 7Y area this morning.
- The Bund-Bonos spread is also trading 0.6bp tighter today, currently trading
at 120.1bp
- In supply news, in a poor auction, Germany auctioned E3.22bln of the 0% Sep-19
Schatz today at an average yield of -0.75% and a bid-to-cover ratio of 1.3x.
- Additionally, KfW issued E3bln of a 5Y at mid swaps -34bp.
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.