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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.
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US Inflation is at the forefront for today
- Bund found some support at 134.87 Yesterday evening, with the heavy Issuance pricing playing somewhat a part.
- Today and despite the small gap higher overnight, the futures contract remains heavy, with continued diversion with US Treasuries, as the street awaits the US Inflation data.
- The outperformance in US, has pushed the Tnotes/Bund spread to 180.00bps and the November low situated at circa 178.00bps.
- For Bund support is still at 134.87 (noted this week), followed by 134.37.
- Resistance is unchanged at 135.89.
- This morning sees, Italian IP, Portugal final CPI, and out of the US, IJC and of course US CPI/Real Average earnings.
- ECB publishes Economic bulletin, and the US, Monthly Budget Statement.
- SUPPLY: Italy 2027 EU4bn (equates to 51.3k 2yr Short BTP) should weigh.
- US Sells $21bn of 30yr reopening.
- SYNDICATION: Ireland 10y.
- SPEAKERS: ECB Vujcic (x2), Fed Mester, Barkin.
To read the full story
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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.