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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.
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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 AccessMNI Eurozone Inflation Preview - December 2024
MNI US OPEN - CNH Slippage Puts Rate in Range of Record Lows
MNI China Daily Summary: Tuesday, December 31
Demand Fears Ease, Double Note Auction Day
- Volatility continues as cash Tsys sell off through Asia and Europe sessions after yesterday’s rally saw 2YY down 15bps.
- Demand fears take a step back on signs of stabilisation in China’s Covid outbreaks despite German and French consumer confidence sliding further.
- Continued clashing headlines on the extent of European countries paying in RUB for Russian gas but the net impact is likely inflationary – the US may have limited direct linkages but modestly higher breakevens lead the move higher in nominal yields.
- 2YY +4.4bps at 2.553%, 5YY +5.0bps at 2.783%, 10YY +4.4bps at 2.763%, 30YY +3.2bps at 2.860%.
- TYM2 sits within yesterday’s range at 120-04, up just 2+ ticks having seen a rally and then subsequent unwind since yesterday’s settlement. Volumes remain close to average.
- Light data docket with MBA mortgage data and wholesale inventories the more important.
- Bill issuance: US Tsy $30B 119D bills at 1130ET
- Bond issuance: US Tsy $24B 2Y FRN note auction (91282CEL1) at 1130ET after yesterday’s decent 2Y Note auction, followed US Tsy 49B 5Y Note auction (91282CEN7) at 1300ET
To read the full story
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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.