-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Chart Packs -
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
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 AccessMNI: PBOC Sets Yuan Parity Lower At 7.1027 Mon; +2.85% Y/Y
MNI: PBOC Net Drains CNY467.5 Bln via OMO Monday
TTF Rallies Amid Rising Shipping Risks from Houthi Attacks
TTF front month has rallied with support from rising risks to shipping offsetting the warm weather in December, strong wind power output in Germany and healthy near term supplies. The market remains sensitive to risks from cold weather and unexpected supply disruptions.
- BP is the latest firm to pause all of its tanker traffic through the Red Sea following an increase in Houthi attacks on vessels in recent days, the firm said, cited by Bloomberg.
- The Q1 2024 – Sum 24 spread is trading down at parity reflecting the confidence in Europe supplies and storage levels for the remainder of this winter. The TTF curve is relatively flat until the end of the summer with Q124-Sum24 today at 0.1€/MWh after reaching a low of -0.07€/MWh on Friday.
- The Q1 2024 – Q1 2025 spread is down again to a low of -6.4€/MWh while the near term downside pressure has helped push the Sum24-Sum25 spread to a low of nearly -1.4€/MWh.
- Less summer injection demand is driving Sum 24 below Sum 25 with storage levels expected to be relatively high by the end of winter according to ICIS.
- High end of winter storage above 60% full could lead to an extremely volatile summer with the market preference for a steady call on LNG imports according to JP Morgan.
- TTF JAN 24 up 6.2% at 35.26€/MWh
- TTF Q1 24 up 5.3% at 35.26€/MWh
- TTF SUM 24 up 4.9% at 35.2€/MWh
- TTF WIN 24 up 2.8% at 40€/MWh
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.