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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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Free AccessUnder pressure as Italian HICP embargo broken
- Bunds are selling off as it the embargo appears to be broken for Italian HICP. Bloomberg are reporting HICP at 9.0%Y/Y (median consensus was 8.2%Y/Y). Bund futures have moved from around 148.40-148.50 ahead of the data to trade as low as 147.91 (note that our technical analyst sees support around the 147.94 level - a Fibo level that was briefly breached yesterday to 147.92.
- ECB pricing for next week has increased from 64bp to closer to 67bp (yesterday's close of 66bp and we had been moving lower after the French HICP miss earlier today). 165bp priced by year-end (158bp low today, 163bp close yesterday). 238bp priced one-year out.
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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.