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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.
UTILITIES
- Utilities remain dominated by Thames Water and that’s unlikely to change anytime soon. News of Elliott’s involvement helped spreads recover a little this week, with United Utilities and Severn Trent also tighter leaving Utilities as one of the best performing sectors this week.
- Enel had SLB steps (25bp) triggered on 5 € and 5 $ bonds. Those bonds rallied with investors taking advantage of the higher yields. See https://marketnews.com/enel-baa1-bbb-slb-step-event .
- Iberdrola earnings beat expectations with FY net profit guidance raised. Vattenfall, Fortum, ESB, EDP, Orsted and Southern report next week.
- € supply came from RTE (dual tranche) and Fluvius.
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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