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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 POLITICAL RISK ANALYSIS - Week Ahead 9-15 Dec
MNI US MARKETS ANALYSIS - AUD/JPY Finds Bottom on China News
A Slower Paced Sell-Off After Yesterday’s Rout
- Cash Tsys have sold off further today after yesterday’s sell-off that had started early on before kicking on with a hawkish Powell.
- 2s10s sit largely unchanged from late yesterday levels at an extremely flat 17bps after a slight steepening intraday from earlier lows of just 13.5bps.
- 2YY +5.5bps at 2.170% (new highs since May-2019), 5YY +4.8bps at 2.369%, 10YY +5.3bps at 2.342% and 30YY +4.4bps at 2.562%.
- TYM2 sits 7+ ticks lower at 122-30 on above average volumes after very low volumes for much of yesterday’s session until Powell spoke. It sits close to support at 122-29+, 76.4% of the Oct’18-Mar’20 upleg.
- FOMCspeak: Williams (permanent voter) on BIS panel discussion at 1035ET, Daly (2024) at 1400ET and Mester (2022) on economic outlook and mon pol with prepared text and Q&A at 1700ET.
- Other Fedspeak: NY Fed Wuerffell Sr VP on post-LIBOR world, ISDA webinar, Q&A (0910ET).
- Bill issuance: US Tsy $34B 52W bill auctions (1130ET).
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.