Free Trial

Overnight Trade, Upside Calls


Estoxx block trade

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
EGB SUMMARY: The Dec-17 contract of the 10Y Bund is sliding lower despite softer
Eurozone HICP data as Eurozone growth comes in better than expected. The 10Y
Bund yield is currently 1.3bp higher trading at 0.380%.
- The Eurozone flash HICP dropped to 1.4% Y/Y in Oct vs 1.5% Y/Y in Sep below
MNI forecast for 1.5% Y/Y. While Eurozone first estimate of Q3 GDP 0.6% Q/Q vs
0.5% Q/Q.  
- There were some EGB swap and option flows this morning with a E70.6k DV01
5Y-7Y-10Y swap fly at -9.5bps with the paper receiving the belly. 
- Markets await to hear from former Catalan President Carles Puigdemont from
Brussels at 1130GMT as rumors circulate that he is planning on applying for
asylum in Belgium. The Bund-Bonos spread is 2.9bp tighter at 110.0bp.
- Other peripheral markets are trading tighter likely underpinned by comments
made ECB Visco who said that QE may be reinforced if inflation target not met.  

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.