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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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- Notable flattening in the WBD curve on the FT article (see prior bullet) – we see 27s/30s/33s at -11bp/-20bp/-29bp.
- This essentially reverses the moves wider of the past few sessions though we note there is still a substantial distance back to levels seen before the initial FT report; ~25bp for the 27s, ~36bp for the 30s, ~32bp for the 33s though the €IG index has also widened by ~18bp since then.
- At face value, the reports that the company is actively pursuing additional asset sales (including specific mention of their Polish broadcaster and video game business) are a credit positive though these reports have also brought broader focus to the weak credit profile and steep deleveraging path of the business.
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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