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- PolicyPolicy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: - G10 MarketsG10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts - Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- CommoditiesCommodities
Real-time insight of oil & gas markets
- CreditCredit
Real time insight of credit markets
- Data
- MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free Access- With minimal data flow, but a.........>
EGB SUMMARY: - With minimal data flow, but a multitude of ECB speakers, EGB
markets keyed in on hawkish statements from ECB dove Villeroy this morning.
- Core EGBs had little respite after selling off this morning, and downside
momentum carried on through the early afternoon, with large Jun18 future block
sells at 1323BST. Bund future dropped to a low of 158.17, recovering slightly to
last trade 158.25, 60 ticks down.
- The Bund selloff meant the US 10-year yield advantage over Germany narrowed to
238.7bps from a post-German reunification high of 244.7bps set on May 9.
- Periphery yields also ticked up but spreads compressed as Italian political
fears eased from last week. Italian 10-yr BTP/Bund spread down 0.21bps, Spain
0.29bps tighter and Portugal outperforming with a 1.86bps fall.
- With Villeroy commenting that saying QE could end in Sep or Dec and a change
in rates could come quarters and not years after that, the Euribor strip sold
off, steepening overall, with blues off 4 ticks and whites flat.
- Italy to be the focus this evening with reports that the 5-Star/Liga policy
plan is not yet in place, and both parties meeting with President Mattarella.
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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.