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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
- ERH4 sold in 5k, led by some pullback lower in Govies, Bund, and Schatz are testing their lows, but still in a fairly tight ranges
- Some early focus in Core spreads, given the underperformance in Bund Futures, and US 10yr Yield leading the way lower, with US 10yr trading at its lowest level since December vs since 8th January for the German 10s, Tnotes/Bund spread tightens ~2bps.
- The spread now eye a test at the January low of 170.6/170.00bps Psychological hurdle, lowest prints since late September.
- Better support is seen at the 168.8bps area, 38.2% retrace of the April/Oct 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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