All signal, no noise

All signal, no noise

All signal, no noise

Latest insights

CPI inflation data in Hungary and Poland and the CBRT rate decision highlight next week's calendar.

Mar-06 15:46

Former economic advisor to Brazil's Ministry of Planning and Budget Eduardo Velho talks to MNI in an interview.

Mar-06 15:33

Spreads gapped wider in CEEMEA following the US-Israel joint military operations against Iran, while Iran targeted inf

Mar-06 15:27

Former Czech National Bank director of monetary policy and strategy Michael Skorepa looks at CNB policy.

Mar-06 12:10

Jasper Verschuur, co-founder of the IMF-Oxford,-Delft port activity monitor PortWatch, on the effects of the Iran war.

Mar-06 11:10

A weekly wrap of some of the key macro themes/data outcomes for the Asia Pac region

Mar-06 06:02

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FI Market Analysis

Eurozone February headline HICP printed 0.2pp above consensus at 1.90%.

March 05, 2026 01:23

Download Full Report Here: https://media.marketnews.com/MNI_US_Deep_Dive_Issuance_2026_02_c9b4586b77.pdf February Refunding Review: Guidance And Cash Management Twists * Treasury's February 2026 Refunding round brought unchanged nominal coupon auction sizes for the Feb-Apr quarter as anticipated, though came with some modest surprises on the guidance and cash management fronts. * Below is the updated expected issuance table - as we explain below, risks are now tilted toward nominal coupon auction sizes next increasing only in 2027, as opposed to late 2026 which had been expected by many (including MNI). * March's sales begin next week: on March 10 with $58B in 3Y Note, continuing on March 11 with $39B in 10-Year Note Reopen (CUSIP: 91282CPZ8), and March 12 with $22B in 30-Year Bond Reopen (CUSIP: 912810UR7). * March will see a total of $362B in coupon issuance, including $19B 10Y TIPS and $28B 2Y FRN. * Monthly Auction Review: February's coupon auctions were mixed, with three decent sized tails, one solid trade-through and three auctions coming in more or less on the screws.

March 05, 2026 12:40

Spain and France are due to hold auctions today while books for the retail-only BTP Valore remain open.

March 05, 2026 06:46

Download Full Report Here: https://media.marketnews.com/MNI_US_Deep_Dive_Issuance_2026_02_c9b4586b77.pdf February Refunding Review: Guidance And Cash Management Twists * Treasury's February 2026 Refunding round brought unchanged nominal coupon auction sizes for the Feb-Apr quarter as anticipated, though came with some modest surprises on the guidance and cash management fronts. * Below is the updated expected issuance table - as we explain below, risks are now tilted toward nominal coupon auction sizes next increasing only in 2027, as opposed to late 2026 which had been expected by many (including MNI). * March's sales begin next week: on March 10 with $58B in 3Y Note, continuing on March 11 with $39B in 10-Year Note Reopen (CUSIP: 91282CPZ8), and March 12 with $22B in 30-Year Bond Reopen (CUSIP: 912810UR7). * March will see a total of $362B in coupon issuance, including $19B 10Y TIPS and $28B 2Y FRN. * Monthly Auction Review: February's coupon auctions were mixed, with three decent sized tails, one solid trade-through and three auctions coming in more or less on the screws.

March 04, 2026 08:43

FX Market Analysis

We look at the market and political implications of the Spring Statement and expectations for the FY26/27 gilt remit.

March 02, 2026 07:04

Data took a backseat this week, with dovish shifts despite some solid data, but with NFPs, retail sales and ISMs ahead

February 27, 2026 06:38

A weekly wrap of some of the key themes/data outcomes for the Asia Pac region

February 27, 2026 06:11

On balance, the forecasts we have seen point towards a roughly stable/marginally hiigher core figure from January’s 2.2%

February 26, 2026 02:28