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- PolicyPolicy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: - G10 MarketsG10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts - Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- CommoditiesCommodities
Real-time insight of oil & gas markets
- CreditCredit
Real time insight of credit markets
- Data
- MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
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Free AccessMNI: PBOC Sets Yuan Parity Higher At 7.1082 Tues; -5.53% Y/Y
MNI BRIEF: Japan Dec Negative Real Wage Narrows
The UK Debt Management.........>
GILT AUCTION PREVIEW: The UK Debt Management Office (DMO) taps 30-yr 0.125%
Aug-48 IL Gilt for Stg750mln on Tuesday.
- BACKGROUND: The DMO currently does one linker tap per month and the Stg750mln
being sold is a about an average size and is equivalent to around GBP3.6mln/bp.
This will be the first auction of this Il Gilt having been launch and then
tapped via syndication.
- RV: The IL48 real yield appears to be slightly cheap when compared to other
real yields in the 25-35Y sector. However, the demand appears strong in the
sector according to reports from the market. Real yields are -1.397%, which is
around 25bp higher than at the beginning of April and close to all time of of
-1.342%. Barclays says that Il Gilt does not offer "particularly interesting
value" but adds that IL issuance from DMO is notably smaller this quarter and
should "ensure reasonable reception".
- HISTORY: At the last 2048 index-linked syndication, Stg2.75bln was allotted at
a spread of UKTi 0.75% 11/47 +0.8bps. Spread is currently 0.9bps.
- RESULTS: Auction results are due at around 0935GMT
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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.