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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.
BONDS
- Short end Germany 2s, 5s are catching up with the longer end 10s, 30s, which were leading post EU Cash.
- The early move pushed the curve flatter, with 5s/30s testing its lowest level since pre Christmas, but now testing session high, and bull steeper, albeit still very short of the steepest levels tested in December.
- Positioning has been the early flow, with EGBs taking their cue from the bid in US Treasury futures.
- The Tnotes/Bund spread is now through the November low of 178.6bps, tightest print since October.
- Further tightening traction as some Investors look for the Fed to be the first Major CB to cut rates in 2024, targets 168.81bps, the 38.2% retrace of the April/October widening bias.
Chart source: MNI/Bloomberg
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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