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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
- With the divergence between Tnotes and Bund this morning, the spread sit another 3.7bps tighter.
- Overall still a limited move, with a 10bps tightening since last Friday.
- The spread has found some resistance around the 200bps area, printed 199.33bps last Friday, which was the widest spread since April 2021.
- Support is seen towards 187bps.
- Volumes are way below averages, with 89k lots traded in Bund since the cash open, 7k lots traded during the overnight session, pre cash open.
- The street await on the ECB.
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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