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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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Free AccessAfter a tighter start. spds are running....>
US SWAPS: After a tighter start. spds are running steady to mildly wider in the
intermediates, long end outperforming. Levels within a point of where they ended
a week ago despite massive influx of swappable corp/supra-sov supply this week
($69B! vs. $30B est), not to mention Tsy issuance. As usual, late week
high-grade issuance evaporated today, set to resume next week. Session flow
included two-way curve action in shorts to intermediates, 2s5s10s flys/receiving
the belly. Early flow included $300.4k 8Y-9Y-10Y Fly, paying belly, $140mln
payer of 2Y at 2.17375%, $149.1k DV01 10Y-15Y STEEPENER. Overnight repo special
in 10s extended further into fail territory, -2.60%, stemming potential
narrowing. Latest spread levels:
* 2Y +0.00/19.19
* 5Y +0.12/4.56
* 10Y +0.06/-0.88
* 30Y +1.12/-19.62
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.