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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.
BUNDS
- Bund remains better offered on the cash open, after some long cover yesterday afternoon.
- Stronger US data, combined, with more hawkish rhetoric, from the most Hawkish BoE MPC members had Gilts dragging Bund lower yesterday.
- Quick early focus is on the TYZ1/Bund spread, after some Dovish comments from Barkin and Kashkari kept Tnotes underpinned.
- Fed Kaskari is a non voter Dove, while Barkin is a voter, leaning Hawk: "Thomas Barkin said the central bank can be patient in assessing whether to speed up its bond tapering in response to a surge in inflation."
- TYZ1/Bund spread is at widest levels since April, with next resistance at 187.0889.
- French and Italian CPI are final reading, should have limited impact.
- More attention on the US Retail Sales.
- SUPPLIES: UK £1.75bn 2046 (Equates 36.5k Gilt).
- SPEAKERS: ECB Lagarde, Fed Bullard, Barkin, Bostic, George, Daly.
Chart source: 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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